Home About Kuna Advertise Contact Us Kuna's Bureaus Services Term Of Use
Register Login
facebook Twitter Youtube rss
Sager stresses Kuwait-Japan Businessmen Committee meeting      Egypt denounces ISIL killing of Japanese hostage      GCC popular games due Monday      Kuwait safety, health conference to discuss sustainable development      Jordan denies attack on embassy in Libya      France condemns slaying of Japanese hostage by ISIL      Japanese PM condemns apparent murder of Japanese hostage
  Economics
Oman''s first Islamic bank announces USD 156 mln IPO
23/04/2012   |   10:04 AM | Gulf News
تصغير الخطالشكل الأساسيتكبير الخط
MUSCAT, April 23 (KUNA) -- Oman's first Islamic bank, Bank Nizwa, announced an Initial Public Offering (IPO) worth about USD 156 million for 600 million shares which come to 40 percent of its paid capital, on Monday.
"The bank is offering 600 million shares, with a par value of 102 baisas each, including two baisas for meeting issue expenses," an earlier bank statement said.
The IPO guidelines state individuals can acquire 1,000-100,000 shares, while the remainder is up for acquisition by companies at a maximum of 10 percent each.
Eleven local banks and companies have pledge to cover the issue, if need arise.
The bank is expected to start operation in the third quarter this year, according to plans. The commercial patent of the bank had already been launched in the first quarter of the year.
Bank Nizwa is to offer a comprehensive array of commercial banking services virtue of the final license to be issued by the central bank, and within the lines of banking law and the Islamic banks code expected to be announced soon.
Reports also indicate the bank is slated for listing at the Muscat stock exchange in June.(end) ahr.wsa KUNA 231004 Apr 12NNNN
 Print
  Email
 Save
Share
Share
Honoring Kuwait 2014
صور من 2014


KUNA publishes a book titled (His Highness Sheikh Sabah Al-Ahmad Al-Jaber Al-Sabah: A Humanitarian Leader) to commemorate the UN honoring of Kuwait's leader

kuna magazien


Most Read Most Emailed  
1.   Hagel lauds US-India defense cooperation deals
2.   France stresses importance of Fabius visit to Kuwait Tuesday
3.   Kuwait eager to attend Arab economic forums -- official
4.   Albanian pres. receives message from His Highness the Amir
5.   Sudanese official commends Kuwait's relentless support to Sudan
6.   12 ISIL militants killed in clashes with Kurds in Kobani - SOHR
    Photo Gallery

First Deputy Prime Minister and Minister of Foreign Affairs Sheikh Sabah Khalid Al-Hamad Al-Sabah

National Assembly Speaker Marzouq Al-Ghanim

The National Assembly Speaker Marzouq Al-Ghanim

Kuwait Stock Exchange (KSE)

Kuwait pavilion wins 1st place in Khartoum Int'l Fair

OPEC

His Highness the Amir Sheikh Sabah Al-Ahmad Al-Jaber Al-Sabah during a banquet of the luncheon

His Highness the Amir Sheikh Sabah Al-Ahmad Al-Jaber Al-Sabah during a banquet of the luncheon

سوق الكويت للاوراق المالية (البورصة)

His Highness the Amir Sheikh Sabah Al-Ahmad Al-Jaber Al-Sabah attends flag-raising ceremony

His Highness the Amir Sheikh Sabah Al-Ahmad Al-Jaber Al-Sabah

His Highness the Amir Sheikh Sabah Al-Ahmad Al-Jaber Al-Sabah receives Minister of Information and Minister of State for Youth Affairs Sheikh Salman Sabah Al-Salem Al-Humoud Al-Sabah and Shooting Association President Pushpa Das Shrestha

Deputy Prime Minister and Minister of Commerce and Industry Dr. Abdulmohsen Al-Madaj

Deputy Prime Minister and Interior Minister Sheikh Mohammad Khaled Al-Hamad Al-Sabah

Minister of Health Ali Al-Obaidi
Publications

WEATHER
PRAYER
CURRENCIES
KUWAIT AIRPORT
    Calendar
About KUNA KUNA SERVICES USEFUL LINKS KUNA ARCHIVE KUNA PUBLICATIONS
Home
About Kuna
Advertise
Contact Us
Kuna's Bureaus
Services
Term Of Use
Read The Whole Newscast
Pictures (during the week)
FTP Service
KUNA training center
KUNA Reader
SMS Services
الكويت فى ذاكرة الأيام
Images 2014
Job Application
Careers
Arab News Agencies
International News Agencies
Governmental Institutes
Banks in Kuwait
News Paper
Local Companies
other useful links
Prayer Times
News Archive
Other News Services
Today In Kuwait's History
Events
Training Sessions
Videos
All KUNA right are reserved © 2012. This site is designed and published by IDS