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Bank Sohar to float OR10m rights issue

Oman's Bank Sohar has said it is planning to float a OR10m rights issue to boost its issued capital from OR100m to OR110m, and also seek shareholders' approval for the issuing of 100mn shares with par value of 100bz per share, Muscat Daily has reported. The bank will hold its extraordinary general meeting on August 13 to review and approve the rights issue and increase in the authorised capital for the bank from OR100m to OR200m.