CMA approves Ahli Bank’s OMR50m bond issue

Muscat: Oman’s market regulator Capital Market Authority (CMA) has approved Ahli Bank’s plans to issue perpetual bonds aggregating OMR50 million.
The rights issue price of the bond is fixed at OMR1.005, which include OMR1 as nominal value and OMR0.005 towards issue expenses, according to a disclosure statement posted on Muscat Securities Market (MSM) website.
The subscription will be between September 26 and October 10. Record date for shareholders to become eligible for subscribing to the issue is on September 11. The bonds will be listed on or before October 25.