Omani Islamic lender Bank Nizwa hopes to complete a merger with United Finance Co this year as it aims for faster growth in the country's crowded banking sector, the bank's chief executive told Reuters.
The potential deal
Bank Nizwa, Oman’s first Islamic bank, is offering a special ‘Auto Finance’ treat for its customers as part of its Ramadan celebrations.
The special features will enable the customer to purchase that 'special
The combined strength of RMD Kwikform's Alshor Plus and Rapidshor equipment has been used to create record-breaking shoring towers to support the construction of the new $64m landmark Sultan Qaboos Mosque in Nizwa.
The mosque is bei
Bank Nizwa, the first Islamic bank of Oman, is set to host its inaugural ‘Islamic Banking Knowledge Forum’ on May 1.
Key thinkers and strategists from many of the Sultanate's public and private sector businesses an
Omani lender Bank Nizwa, the sultanate's first full-fledged Islamic bank, plans a steady expansion of its retail network with a view to capturing a 5 percent share of the total banking market, according to its chief executive.
Oman's Bank Nizwa, the sultanate's first Islamic bank, plans to attract some of the funds held abroad at other Gulf Islamic banks in order to grow, its chief executive said.
"The amount of Omani money deposited in Islamic b
Omani lender Bank Nizwa, the Sultanate's first Islamic bank, attracted RO681 million ($1.77 billion) of bids in its initial public offer of shares, 11 times the sum which it was raising, the lead manager for the IPO said on Saturday.
Omani lender Bank Nizwa, the sultanate's first Islamic bank, plans to raise $156 million by selling 40 per cent of capital in an initial public offering on the Muscat Securities Market.
The bank is not yet operational and has only a re