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Oman’s National Finance to float RO7.5mn rights issue

Oman's National Finance Co has announced plans to float a OR7.5m rights issue within the next three months in order to support its growing financing and leasing business and help meet the increased minimum capital requirement stipulated by country's central bank, Muscat Daily has reported. Subject to the approval of regulatory authorities, the firm will float the rights issue of 75 million shares to existing shareholders at a par value of 100bz per share.