Oman's Bank Sohar Says $104m Rights Issue Oversubscribed
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Oman’s Bank Sohar Says $104m Rights Issue Oversubscribed

Oman’s Bank Sohar Says $104m Rights Issue Oversubscribed

In total, shares worth OMR53.28 million were bid for under the capital increase, which saw 228.8 million new shares sold to investors.

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Oman’s Bank Sohar, which is in talks about a possible merger with larger rival Bank Dhofar, said on Thursday its OMR40.04 million ($104.1 million) rights issue had been oversubscribed.

In total, shares worth OMR53.28 million were bid for under the capital increase, which saw 228.8 million new shares sold to investors, according to a bourse filing.

Bank Sohar offered the shares for subscription, priced at OMR0.175 each, between April 15 and April 29.


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