The Initial Public Offering (IPO) for Bank Nizwa, Oman’s first Islamic bank closed yesterday after receiving an overwhelming response from investors. The bank floated 600,000,000 ordinary shares at an offer price of 102 baisas per share, through an initial public offering commenced from April 23, 2012.
On the occasion Dr Jamil El Jaroudi, Chief Executive Officer, Bank Nizwa said, “We are really thankful to the investment community in Oman, GCC and other parts of the globe, for their tremendous response and the confidence they have placed in us. This is a proud day for Bank Nizwa and we are committed to uphold the trust placed in us by our valued shareholders.”
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