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Oman's Alizz Islamic Bank launches IPO September 22
- Oman: Monday, September 17 - 2012 at 12:16
Omani lender Alizz Islamic Bank, still under development, is set to launch its initial public offering of 400 million shares on September 22, Oman Daily Observer has reported. This follows the administrative decision of the Capital Market Authority of Oman (CMA) of September 8, approving the prospectus for the IPO. The lender is promoted by local Huriah Co, Aabar Investments, which is 95% owned by the International Petroleum Investment Co of Abu Dhabi, First Energy Oman, a wholly-owned subsidiary of First Energy Bank, Bahrain and UAE-based Tasameem Real Estate Co.
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