Muscat: The Board of Directors of BankDhofar has conducted its Extraordinary General Meeting (EGM).

The meeting was chaired by Eng. Abdul Hafidh Salim Rajab Al Aujaili, Chairman of the Board, and attended by the board members, senior management of the bank and shareholders.

The meeting - which took place at the InterContinental Hotel- Muscat on 30th June 2019- approved to consider the issue of perpetual Tier 1 Capital instrument (Additional Tier 1  perpetual bonds) in an indicative amount of up to USD 300 million or equivalent in OMR (OMR 115.5 million) at some time over the next 5 years to be listed and traded on the Euronext Dublin (formerly traded as Irish Stock Exchange) and/or to be listed and traded on the Muscat Securities Market through public subscription or private placement, subject to any regulatory and other approvals, and based on the Bank’s needs and prevailing market conditions.

BankDhofar shareholders unanimously authorized the management team and/ or the Board of Directors to take the required procedures and actions to implement the above.

-Ends-

© Press Release 2019

Disclaimer: The contents of this press release was provided from an external third party provider. This website is not responsible for, and does not control, such external content. This content is provided on an “as is” and “as available” basis and has not been edited in any way. Neither this website nor our affiliates guarantee the accuracy of or endorse the views or opinions expressed in this press release.

The press release is provided for informational purposes only. The content does not provide tax, legal or investment advice or opinion regarding the suitability, value or profitability of any particular security, portfolio or investment strategy. Neither this website nor our affiliates shall be liable for any errors or inaccuracies in the content, or for any actions taken by you in reliance thereon. You expressly agree that your use of the information within this article is at your sole risk.

To the fullest extent permitted by applicable law, this website, its parent company, its subsidiaries, its affiliates and the respective shareholders, directors, officers, employees, agents, advertisers, content providers and licensors will not be liable (jointly or severally) to you for any direct, indirect, consequential, special, incidental, punitive or exemplary damages, including without limitation, lost profits, lost savings and lost revenues, whether in negligence, tort, contract or any other theory of liability, even if the parties have been advised of the possibility or could have foreseen any such damages.