The Capital Market Authority has approved the prospectus for Bank Nizwa SAOG Capital Increase at RO 75 million in rights issue for the issuance of 789 million shares to the shareholders as of the date of record on August 29, 2021, at an issue price of 95 Baisas per share.
The decision is based on the resolution of the board of directors of Bank Nizwa SAOG to increase the capital by RO 75 million in rights issue which grants the shareholders of the bank the right to subscribe in the capital increase shares in proportion to their current holdings on the date of record. Such rights are considered tradable security for a specific term.
Bank Nizwa was established in 2012 as a public joint-stock company by offering 40% of the paid-up capital to the public at RO 60 million out of the total capital of RO 150 million.
Oman Observer is now on the WhatsApp channel. Click here
