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Oman’s first Islamic bank sees profit in 2014

Bank Nizwa to elect new board in July – CEO; Says to begin operations two weeks after board election; Bank Nizwa raised $156 mln in June IPO

July 1, 2012 5:13

Oman’s bank Nizwa attracts $1.77 billion in IPO

The bank will be listed on the Muscat Securities Market on June 12, Oman Arab Bank said. Bank Nizwa raised 60 million rials by selling 40 percent of its capital.

May 27, 2012 12:16
Omani Islamic banks to float by June

Omani Islamic banks to float by June

Bank Nizwa, Al Izz to IPO by June, according to central bank sources, with Oman Arab Bank likely to lead the offering.

January 23, 2012 2:07