alizz islamic bank IPO opens for subscription

Offer closes on October 21

The Initial Public Offering (IPO) of alizz islamic bank SAOG (under formation) is now open for subscription.  The offer will close on 21 October 2012.

alizz islamic bank is promoted by Huriah Company LLC, aabar Investments PJS, First Energy Oman and Tasameem Real Estate Company LLC.

The promoters have  contributed RO 61.2 million, representing 60 per cent of the share capital at Bzs 102 per share. The IPO for 40 per cent of the share capital comprises 400 million shares and is also priced at Bzs 102 per share. On completion of the IPO, alizz islamic bank will have a paid up share capital of RO 100 million.

The IPO is lead managed by bank muscat and has been fully underwritten by leading Omani financial institutions.
 

Print
  • Twitter
  • submit to reddit
comments powered by Disqus

Business

Videos

Most Popular in Business

Latest jobs available

More jobs on Emirates 24|7

Follow
Emirates 24|7

Follow
Emirates 24|7
Pinterest Facebook Facebook Twitter RSS

In Case You Missed It ...