BANKDHOFAR CLEARS RIGHTS ISSUE RATIO

MUSCAT: The board of directors of BankDhofar has approved, through resolution on April 5, the rights ratio of 105 of new shares for every 1,000 held by shareholders as on record date, with the issue price of 276bz per share (275bz plus expenses of 1bz per share).

This follows BankDhofar’s disclosure on March 30 regarding the approval of the RO45mn rights issue of ordinary shares, the bank told MSM.

The record date will be decided and disclosed subsequently by the board in consultation with the issue manager and Capital Market Authority (CMA).

SOURCE: Muscat Daily