Ahlibank shareholders approve issuance of 50 million perpetual bonds

MUSCAT: Ahlibank shareholders approved the issuance of 50 million perpetual bonds (additional Tier 1 capital instruments), by rights issues at its extraordinary general meeting (EGM). Ahlibank held its EGM on Thursday, April 27, 2017, at the InterContinental Hotel. The bonds totalling 50 million have a par value of RO 1 per share, and 5 baisas per share as issue expenses. Ahlibank will put up the remaining bonds, if existing, after the issue of the rights to public subscription, taking the required procedures, and the approval of the Capital Market Authority (CMA). The meeting was presided over by Hamdan Ali Nasser al Hinai, the chairman of the board.