Middle East Economic Survey
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...