The lender made a net profit of OMR3.8 million ($9.87 million) in the three months to September 30, compared with OMR3.5 million in the same period of 2013.
The lender made a net profit of OMR14.1 million in the three months to Sept. 30.
The lender said that its board had decided against issuing the convertible “due to uncertainty regarding its eligibility as an additional Tier 1 instrument”.
The company made OMR5.3 million ($13.8 million) in the three months to Sept. 30, compared with OMR4.5 million in the corresponding period of last year.
The cement producer made a net profit after tax of OMR2.3 million ($6.0 million) in the three months to Sept. 30, compared with OMR3.8 million in the corresponding period of 2013.
The central bank appointed five members to its sharia board, which will have direct oversight of Islamic banking institutions.
As per the deal, Omagine LLC will design, develop, own and operate a mixed-use project called the Omagine Project in the Sultanate.
The Khazzan project aims to extract around one billion cubic feet (bcf) per day of gas.
Sultan Qaboos has been in Germany since July for medical tests.
Rashad Ali al-Musafir, the bank’s chief financial officer, would replace Kalmoor as acting CEO for an interim period, the bank said in a bourse filing.
Investor orders topped $1.6 billion for NBO’s issue, a source with knowledge of the deal said.
The Sultanate’s second-largest lender by assets is earmarked to price its deal at 140 basis points, plus or minus 5 bps, over midswaps.
Sohar Aluminium plans to spend $35 million over the next five years.
The turnover of Mina al-Fahal refinery will be carried out to upgrade certain equipments, the company said.
The special rapporteur said that though Oman’s law guarantees the right to peaceful assembly within its limits, it is quite restrictive.
Dubai-based Topaz Energy and Marine dropped its $500 million London listing plans in March 2011, citing market volatility as the reason.
The company has won four turnkey deals in Oman, bringing the value of its total project wins in 2014 to Dhs4.6 billion.
Corpbank, in which Oman’s SGRF is the second-biggest shareholder with a stake of about 30 per cent, was hit by a run on deposits in June.
Oman’s State General Reserve Fund, Royal Dutch Shell and existing investors in GlassPoint will inject the money, which will be used to accelerate the deployment of solar steam generators.
The cash raised is expected to be used for general business purposes.
The issuance would be in local currency and would apparently be separate from an international, U.S. dollar-denominated sovereign bond issue which Oman has said it may conduct.
The new expansion project, which will begin later this year, will see the introduction of 60 new shopping and dining options.
Oman first agreed to buy gas from Iran in 2005, but price disagreements and Western sanctions that have stunted Iranian energy projects prevented any real progress.
Corpbank’s fate has been in limbo since June, when a run on deposits prompted the central bank to seize control of it and close its operations.
Standard Chartered Private Equity will inject the equity in return for a 9.8 per cent stake in the business.
Sultan Qaboos, 73, is spending his annual leave at his residence in Germany, the royal court said.
Up to 163,000 visitors from Oman stayed in Dubai’s hotels during the first half of this year.
The Oman Railway Company has pre-qualified 18 consortiums to undertake its national railway project.
Omantel made a net profit of OMR31.5 million ($81.8 million) in the three months to June 30, against OMR31.4 million in the year-earlier period.
Paul Gregorowitsch joins Oman Air after a stint as a management board member in German carrier Air Berlin.