27/09/2017 06:37 AST

Bank Sohar’s OMR100 million bond issue, which closed subscription recently, was oversubscribed. The bank had offered up to 100,000 perpetual bond, Additional Tier I Capital Instruments on a private placement basis, at a price of OMR1,000 per capital security, aggregating to OMR100 million, according to a disclosure statement posted on MSM website.

Bank Sohar said that the Capital Market Authority (CMA) has approved the results of the issue and agreed to allot the bonds to successful subscribers in line with the terms and conditions of the prospectus.

Based on this, the bonds shall be listed on the Muscat Securities Market (MSM) soon.


Times of Oman

Bank Sohar closes $250m syndicated loan facility

28/08/2018

Bank Sohar has closed a $250 million three-year syndicated loan facility in a move to extend financing solutions for Oman’s consumer and business segments.

The facility was raised part o

Trade Arabia

Bank Sohar backs award for scholarship holders

27/08/2018

Bank Sohar recently pledged support to local youth partaking in the Oman Ambassadors Award - an accolade recognizing the individual achievements of academic scholarship holders representing Oman abro

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Bank Sohar Q2 net profit surges 21pc to $36m

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Bank Sohar, a leading bankin Oman, has posted a net profit of RO13.982 million ($36.23 million) for the second quarter (Q2) of the year as compared to a net profit of RO11.566 million during the same

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