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20/12/2017 06:03 AST
Taageer Finance Company plans to issue non-convertible bonds worth OMR5 million, with a green-shoe option of OMR2.5 million additional bonds.
The issue will be by way of private placement, Taageer Finance said in a disclosure statement posted on Muscat Securities Market (MSM) website. The shareholders have approved the proposal to issue bonds at an extraordinary general meeting on Monday. The shareholders have also approved a proposal to authorize the board to take all necessary steps for the bond issue.
Taageer Finance in October announced its financial results for the first nine months of 2017. The company's net leasing portfolio has grown by 1.45 per cent from OMR148.94 million in September 2016 to OMR151.11 million for the same period of this year. The net profit for the first nine months ending September 2017 was OMR3.17 million as against OMR3.11 million for the same period of 2016.
Times of Oman
09/01/2018
Taageer Finance, one of the leading non-banking finance companies (NBFCs) in Oman, has become the financial institution to launch a mobile app - branded as "Tamweeli," for its customers.
T
Times of Oman
19/12/2017
Taageer Finance Company plans to issue non-convertible bonds worth OMR5 million, with a green-shoe option of OMR2.5 million additional bonds.
The issue will be by way of private placement,
Times of Oman
06/12/2017
Taageer Finance Company has decided to convene an extraordinary general meeting (EGM) on December 18 to seek approval for a OMR5-million non-convertible bond issue as private placement. The bond issu
Times of Oman
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Financial Information Co.
P.O. Box 69410, Jeddah 11547, Saudi Arabia