Thursday 20, March 2014 by Robin AmlĂ´t

Bank Muscat shareholders approve $2 billion EMTN programme, Sukuk proposals

Bank Muscat shareholders Wednesday (19 March 2014) granted approval for increasing the amount of the Euro Medium Term Note (EMTN) programme, as approved at the EGM in 2011, from $800 million to $2 billion. The EMTN programme involves issuing negotiable bonds in the international markets through public subscription or private placement.

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