Bank Nizwa, the first dedicated Islamic bank in Oman offering Shari’a compliant products and services, has announced plans to start its operations in the third quarter of 2012.
The Islamic bank aims to launch the first IPO in the second quarter to secure the incorporation of the company.
Nazwa will open its first three branches in Muscat, Nizwa and Sohar areas of the Sultanate, said a statement from the bank.
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