Oman's BankMuscat 226.5 million share rights issue underway
BankMuscat’s rights issue officially began on 8 July, looking to raise OMR 96.7 million. The bank is offering 226.5 million shares at 0.427 baisa per share. Existing shareholders may subscribe to one new share for every eight shares held. BankMuscat is the subscription bank and Gulf Baader Capital Markets is the issue manager of the rights issue.