Bank Sohar Announces Completion Of Rights Issue

The final subscription of Bank Sohar rights issue have been approved by Capital Market Authority on February 6, 2013.

The total rights offered was 100 million shares, out of which 94.12 million shares were subscribed through applicable rights.

For the balance 5.88 million shares, applications for 232.10 million additional shares were received resulting in an allotment of 2.53 per cent.

The refund process has commenced with both collecting banks — OAB and Bank Sohar .

Times of Oman