06 May 2012
NIZWA -- The first investor road show for the Bank Nizwa Initial Public Offering (IPO) was held in Nizwa last week and saw a participation of investors from the wilayat. Under the IPO, which was opened last month, Bank Nizwa is offering 600 million shares to the public (both Omani and non-Omani) at a price of baisas 102.
Many analysts have forecast a good response from both retail and institutional investors.
Senior officials from Bank Nizwa and the Issue Manager, Oman Arab Bank, were present at the event where they gave details about the bank's progress and plans and the IPO application process. Bank Nizwa has organised road shows in six more cities including Sur, Ibra, Barka, Sohar, Salalah and Muscat between now and the closure of the IPO on May 22.
NIZWA -- The first investor road show for the Bank Nizwa Initial Public Offering (IPO) was held in Nizwa last week and saw a participation of investors from the wilayat. Under the IPO, which was opened last month, Bank Nizwa is offering 600 million shares to the public (both Omani and non-Omani) at a price of baisas 102.
Many analysts have forecast a good response from both retail and institutional investors.
Senior officials from Bank Nizwa and the Issue Manager, Oman Arab Bank, were present at the event where they gave details about the bank's progress and plans and the IPO application process. Bank Nizwa has organised road shows in six more cities including Sur, Ibra, Barka, Sohar, Salalah and Muscat between now and the closure of the IPO on May 22.
© Oman Daily Observer 2012
