Bank Nizwa raises RO70mn through rights issue
Published 25 Sep,2021 via Muscat Daily Muscat – Bank Nizwa, the leading Islamic bank in Oman, on Saturday announced the successful completion of its rights issue of RO70mn which was open for subscription from September 7 until September 16.
Bank Nizwa had announced the rights issue of new 736.953mn ordinary shares at an issue price of 95bz per share, increasing the bank’s capital by over RO70mn.
In a disclosure to the [Muscat Stock Exchange](https://www.msx.om/) (MSX), the bank said the allotments of all subscriptions have been approved by the [Capital Market Authority](https://cma.gov.om/).
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