Sunday 20 April 2014
 
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Bank Nizwa eyes 5pc of Oman banking market

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.

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Bank Nizwa to attract Omani funds held abroad

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

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Nizwa attracts record $1.77bn in IPO

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. T

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Oman Islamic Bank eyes $156m IPO

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

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