No 51



BankMuscat Confirms Launch Of GDR

Oman-based BankMuscat International has confirmed to MEESthat it will issue 5mn shares in Global Depository Receipts (GDRs) next year.Mr. Sunder George, the General Manger, said that the GDR is planned for thefirst quarter of next year but that there was as yet "no definite time assuch." The GDR, which will be the first out of Oman and the second in thewhole of the GCC, after Bahrains Arab Insurance Group (ARIG), will be lead...