Oman Arab Bank, the banking arm of Oman International Development and Investment (Ominvest) , has delayed its initial public offering (IPO) until September, according to a report published by the Oman News Agency.
The bank sent a letter to
Oman Arab Bank, the banking arm of Oman International Development and Investment (Ominvest) has approved an initial public offering of 25 percent of its share capital.
In a statement to the stock exchange, Ominvest said that 290 mill
Oman Arab Bank (OAB) has been cleared to float 25 per cent of its capital on the local bourse, its chief executive said on Monday.
Oman allows companies to float a minimum 40 per cent of their capital on the Muscat Securities Market so OAB
Oman's Al Khalili Group, a family-owned industrial company, has stalled plans for an initial public offering due to weak market conditions, the lead manager for the issue said on Monday.
'The Al Khalili Group IPO is on hold because
Oman's Al Khalili Group, a family-owned diversified industrial group, is planning to sell a 40 per cent stake in an initial public offering, the lead manager of the issue said.
Pricing for the offering was expected to be completed in a
Towell Auto Centre (TAC), exclusive dealers for Mazda vehicles in Oman, has joined hands with Oman Arab Bank (OAB) to provide retail financing facilities for its Mazda range of cars.
Under the scheme, OAB will offer car loans on the entire