Wednesday, 11 April 2012

Al Omaniya’s bond issue oversubscribed: Times of Oman

Al Omaniya Financial Services, Oman’s largest non-banking financial institution (NBFC), announced that the RO10 million bond issue was oversubscribed.

The bond issue was subscribed to the extent of 120 per cent according to preliminary report received from the issue manager. The bond issue will be listed on MSM as soon as the statutory formalities are completed.

The company current paid-up share capital is RO16.33 million and it will be RO20 million approximately after conversion of existing bonds of RO1.555 million and RO7.713 million by end of April and September 2012 respectively.

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