Oman's Bank Nizwa to launch 75 million rials rights issue
Published 18 Aug,2021 via Muscat Daily - Bank Nizwa has received approvals from the Central Bank of Oman (CBO) and the Capital Market Authority (CMA) for a rights issue of RO75mn, the bank said in a disclosure to the Muscat Stock Exchange (MSX) on Wednesday.
‘Regulatory approvals from the CBO and the CMA has been obtained for the rights issue of 789.47mn shares at a price of 95bz per share, aggregating to RO75mn,’ Bank Nizwa said.
The bank said its board of directors has resolved that the record date of the rights issue shall be August 29, 2021.
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