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Oman’s Al Izz Bank IPO By September
Published on Thursday, 09 Aug 15:04 pm
Al Izz Islamic Bank, Oman’s second Islamic bank, currently under formation, plans to launch its initial public offering (IPO) on the Muscat Securities Market by the end of September. The bank with a capitalization of OR100mn will float an IPO of OR40mn, or 40% of its share capital. Bank Muscat will be the lead manager to the issue (Oman Daily Observer).
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