Tuesday 26, June 2012 by Robin Amlôt
BankMuscat confirms rights issue plans
In a brief statement to the Muscat Securities Market, Oman's BankMuscat said, “...all regulatory approvals are now in place to proceed. Further to the recent Board approval, the Rights issue is priced at OMR 0.425 per share (excluding issue expenses of 2 baisa.), which is at a 25 per cent discount to the closing market price of 24 June 2012.”
