Home About Kuna Advertise Contact Us Kuna's Bureaus Services Term Of Use
Register Login
facebook Twitter Youtube rss
Tunisia requests postponement of 4th Arab economic, social Summit      US confirms first Ebola case      As violence grows in Ukraine, US urges Russia to remove military forces, equipment      UK Air Force conducts 1st airstrikes of Iraq mission      Iraq's Irbil football team to meet Kuwait's Qadsia in AFC final      Eleven mln Syrians need urgent aid - Amos      EuroMed launches new digital cooperation initiatives      Airstrikes putting "a lot of pressure" on ISIL around Kobani - Pentagon      CENTCOM details latest airstrikes against ISIL in Iraq, Syria      OPEC crude price at USD 94.54 pb
  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


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 magazine


Most Read Most Emailed  
1.   Saudi Arabia calls on Int'l community to protect Palestine
2.   Kuwait crude oil price down to USD 93.78 pb
3.   Industrial, Commercial Bank of China opens Kuwait branch
4.   Social media and fish marketing ... a new Kuwaiti trend
5.   S. Korea confirms new case of avian flu
6.   Eid Al-Adha on October 4, Saudi Arabia confirms
    Photo Gallery

His Highness the Amir Sheikh Sabah Al-Ahmad Al-Jaber Al-Sabah receives Sheikha Dr. Maymouna Al-Khalifa Al-Athbi Al-Sabah

Faisal Al-Ajmi of Vice President of (IARU)

His Highness Amir's envoy delivers letter to UAE pres.

KISR Director-General Dr. Naji Mohammed Al-Mutairi and Dr. Ahmed Saleh Al-Athari from PAAET signing the cooperation agreement

"KUNA Junior"

His Highness the Amir Sheikh Sabah Al-Ahmad Al-Jaber Al-Sabah received the credentials of new-appointed ambassador of Vietnam

His Highness the Amir Sheikh Sabah Al-Ahmad Al-Jaber Al-Sabah received the credentials of new-appointed ambassador of Pakistan

OPEC

Kuwaiti Consul General in Hong Kong Khalid Al-Mutairi

Abdulreda Al-Ramzi, the director of the society information bureau

Under-Secretary of the UAE Ministry of Energy Matar Al-Neyadi

Chief Executive Officer of Sabaek company Rajab Hamed

Chairman of the Finance financial and administrative committee Justice Tareq Al-Shimaimri

Head of the Arab Group at the IAEA and Kuwait Permanent Delegate to IAEA Sadiq Marafi

World Tourism Day 2014

Qatari Amir Sheikh Tamim bin Hamad Al-Thani

HH the Prime Minister Sheikh Jaber Al-Mubarak Al-Hamad Al-Sabah meets Iraqi President Dr. Fuad Massoum

Kuwaiti Ambassador to Algeria Saud Faisal Al-Diweesh

Dr. Al-Hazza gave His Highness the Amir ARCO's highest medal known as "the medal of Abu Bakr Al-Sedeeq"

KRCS, ARCO honor His Highness the Amir on UN award

Chairman of the Kuwait Red Crescent Society (KRCS) Dr. Hilal Al-Sayer

KRCS, ARCO honor His Highness the Amir on UN award

Dr. Riyadh Al-Faras

head of Kuwait's delegation Minister of State for Housing Affairs Yasser Abul
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
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