Oman’s Al Izz Islamic Bank, the sultanate’s second Islamic bank, has elected members of its board a month after the initial public offer of its shares, a bank statement said on Thursday.
Taimur Bin As’ad Al Said was elected chairman to lead a six-member board. Last month, Al Izz raised 40 million rials ($104 million) by selling 40 percent of its capital through a month-long IPO. The bank, which counts Abu Dhabi state-fund Aabar Investments as a founding shareholder, will list on the Muscat Securities Market on Dec. 3………………………………………..Full Article: Source