Bank Nizwa Completes Rights Issue

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Oman’s leading and fastest growing Islamic bank, Bank Nizwa, has announced the successful completion of its Rights Issue which was open for subscription from September 7 until 16, 2021.

Subsequent to the subject matter disclosures, Bank Nizwa announced new 736.953 million ordinary shares at an issue price of baisas 95 per share, increasing the bank’s capital by over OMR70 million. Allotments of all subscriptions were approved by the Capital Market Authority. The new share capital is listed on Muscat Stock Exchange on 26 September 2021.

The Bank’s new issued share capital post-Rights Issue shall be RO 220,010,538.040 of 2,236,953,032 shares. As the most trusted Islamic Bank in the Sultanate, Bank Nizwa has expressed gratitude to all subscribers and shareholders for their continuous support, and confidence in the Bank.

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