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Bank Muscat SAOG Approves Recommended Capital Increase Through Private Placement To International Finance Corp;


Thursday, 21 Mar 2013 01:22am EDT 

Bank Muscat SAOG announced that its Extraordinary and General Meeting of Shareholders has approved to increase the issued share capital from OMR 203,851,068 divided into (2,038,510,684) shares to OMR 215,226,068 divided into (2,152,260,684) shares with a nominal value of OMR 0.100 per share by issuing and allocating (113,750,000) shares with a nominal value of OMR 0.100 per share in private placement to International Finance Corporation (IFC), a member of the World Bank Group and IFC Capitalization Fund (Equity Fund), managed by IFC Asset Management Company LLC, a wholly-owned subsidiary of IFC. 

Company Quote

73.2
-1.0 -1.35%
25 Dec 2014