alizz islamic bank SAOG announced that the Initial Public Offering of RO 40.8 million was successful and oversubscribed. Category 1 investors who had applied for up to 100,000 shares have been allotted 100 per cent of their application amounts.
Category 2 investors who had applied for more than 100,100 shares have been allotted 83.95 per cent of their application amounts. Category 2 investors have had their respective refunds processed on 25 October 2012. The constitutive general meeting of the bank is planned to be held on November 20, 2012.Trading of the bank’s shares on the Muscat Securities Market is expected to commence by December 3, 2012………………………………………..Full Article: Source