| Oman's Al Izz Islamic Bank, the sultanate's second Islamic bank, attracted bids worth 46 million rials ($119.5 million) for its initial public share offer, 1.15 times the sum which it was raising, a source close to the offering said .
The bank, which counts Abu Dhabi state-fund Aabar Investments as a founding shareholder, will be listed on the Muscat Securities Market on December 3, the source said. Al Izz looked to raise 40 million rials ($104 million) by selling 40 percent of its capital through a month-long initial public offering, which ended on October 21 and was managed by Bank Muscat...............................................Full Article: Source
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