VOL. XLI
No. 21
25-May-1998
OMAN
Bank IPO On The MSM
Oman's Bank Dhofar al-Omani al-Fransi on 20 May launched a 12.8mn share initial publicoffering (IPO) in the local Muscat Securities Market (MSM) with the aim of raisingOR32.2mn ($84mn). The subscription period, during which 40% of the bank's issued capitalwill be floated, will run to 18 June and shares will be open to local and foreigninvestors - although foreign holding is restricted to 49%. The shares are being offered atOR2.52 ($6.50) each...
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