07 February 2013
Muscat: Bank Muscat is in an advanced stage of discussion with an investor for private placement of OMR57 million worth shares, which is expected in the second quarter of this year.
"It is only a matter of time now," said Ahmed Al Abri, chief operating officer of Bank Muscat. He said the bank has delayed the private placement last year due to a rights issue. He said the proposal for private placement was first mooted by the investor almost five years ago.
Muscat: Bank Muscat is in an advanced stage of discussion with an investor for private placement of OMR57 million worth shares, which is expected in the second quarter of this year.
"It is only a matter of time now," said Ahmed Al Abri, chief operating officer of Bank Muscat. He said the bank has delayed the private placement last year due to a rights issue. He said the proposal for private placement was first mooted by the investor almost five years ago.
© Times of Oman 2013
