Tuesday 3 April 2012

Five IPOs planned for the year on MSM: Times of Oman

Oman’s capital market will see at least five initial public offerings this year, said a senior official of the Muscat Securities Market (MSM). These primary issues will be floated by Bank Nizwa, Al Izz Bank International, Oman Arab Bank and Al Khalili group.

Bank Nizwa is planning to raise RO60 million, while Al Izz Bank issue will be to the tune of RO40 million.

The size of Oman Arab Bank issue is not yet determined. OAB’s two partners earlier said that they are diluting 25 per cent of their stake in the bank in favour of investing public.

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