Oman's Bank Nizwa launches RO75mn rights issue
Published 31 Aug,2021 via Muscat Daily - Bank Nizwa announced the opening of its rights issue with subscription period from September 7 until September 16, 2021. The rights issue consists of new 789,473,685 ordinary shares at an issue price of 95bz per share aiming to increase the bank’s capital by RO75mn.
The rights share shall be payable in full on submission of the application form with the issuer bearing all issue-related expenses. All shares shall be listed on the Muscat Stock Exchange after allotment. By increasing the paid-up capital, Bank Nizwa will be geared up for the next phase of growth and increase returns for shareholders.
As the leading and fastest-growing Islamic bank in the country, Bank Nizwa has outlined broad strategies for the next phase of growth. Firstly, by strengthening capital while simultaneously continue playing its part in contributing to the development of the economy and leading the way as the most prominent Islamic bank in the sultanate.
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Muscat Daily