Alizz bank to be listed today

03/12/2012 11:05 AST

Muscat Securities Market (SMS) decided to list alizz islamic bank's shares for trading at the parallel market today.

The decision, made by Ahmed bin Saleh Al Marhoon, Director General of Muscat Securities Market (MSM). He said the share would be floated for three days from the date of listing at the market, as per the norm. The number of shares that will be listed at the parallel market will be one billion, with a capital of RO100 million with 100 baisa nominal value for each share.

alizz islamic bank earlier said that its RO40.8 million offer was 1.14 oversubscribed. Category 1 investors, who had applied for up to 100,000 shares, have been allotted 100 per cent.

Category 2 investors who had applied for more than 100,100 shares have been allotted 83.95 per cent of their application amounts. The board has elected HH Sayyid Taimur bin As'ad bin Tarik Al Said as Chairman and Mohamed Badawy Al Husseiny as Deputy Chairman. of the bank.


Times of Oman

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