22 April 2012
MUSCAT -- Al Omaniya Financial Services SAOG, Oman's largest non-banking financial institution, has successfully completed the Rights Issue of RO 10 million compulsorily convertible bonds. The Issue was oversubscribed and the subscription proceeds amounted to RO 11,919,429. As per the Administrative Decision issued by Muscat Securities Market, the bonds have been listed as of April 22, 2012.
MUSCAT -- Al Omaniya Financial Services SAOG, Oman's largest non-banking financial institution, has successfully completed the Rights Issue of RO 10 million compulsorily convertible bonds. The Issue was oversubscribed and the subscription proceeds amounted to RO 11,919,429. As per the Administrative Decision issued by Muscat Securities Market, the bonds have been listed as of April 22, 2012.
The company has thanked all its shareholders for their overwhelming support for the success of this issue. The Issue will help the company to meet the regulatory requirement of incremental capital enhancement for the next five years and to meet the growth and expansion plans of the company.
Aftab Patel, Chief Executive Officer stated that the company has performed well for the first quarter and is optimistic about the coming quarters of 2012. Barring unforeseen circumstances, the company is expected to perform very well and maintain its track record of increased earnings and dividends.
© Oman Daily Observer 2012
