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Ahli Bank rights issue subscription to run until July 22

Oman's Ahli Bank has said subscription for its rights issue is to start today and continue until July 22, 2012, Times of Oman has reported. The bank has secured regulatory approval for the rights issue of 250 million shares at a price of OR0.101 (including one baiza as issue expense) per share. The subscription for the rights issue is open for shareholders registered at the bank's records with Muscat Clearance and Depository Co (MCDC) as of June 28, 2012.