Middle East Economic Survey

VOL. XLVII

No 36

6-September-2004

REGIONAL BANKING

BankMuscat Fully Exercises Option On Indias Centurion Bank Rights Issue

BankMuscat said on 24 August that it had fully exercised its rights option in Indias Centurion Bank rights issue. New shares were offered to existing shareholders at the rate of Rupees (Rs) 4 per share (Rs1 plus a premium of Rs3 per share). BankMuscat has invested Rs300mn to take up its 75mn shares. BankMuscat disposed of its own branch in India in...