Oman's Islamic lender, Bank Nizwa, has priced its rights issue at 95 baizas ($2.47) per share with subscription running from September 7-16.

The bank will issue 789,473,685 million new ordinary shares with the aim of increasing its capital by 75 million rials, Bank Nizwa said in a statement on Monday.

The bank made a Q2-2021 net profit of 3 million rials, a 2 percent drop compared with the net profit for the same quarter in 2020.

(Writing by Brinda Darasha; editing by Seban Scaria)

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