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Islamic Finance Briefing - Categorized | Banking, Capital Market (Equity, Mutual Funds) more

Oman’s new bank to launch IPO next year

Posted on 25 October 2010

From Tradearabia.com: Oman’s Al Izz International Bank, a lender under formation in the sultanate, plans to launch an initial public offering (IPO) in the third-quarter of 2011, its spokesman said on Sunday.
The new financial institution, which got the central bank’s nod in September, will have a capital of 100 million rials ($259.7 million) and expects to begin operations after the IPO issue……………………………………….Full Article: Source

 
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