Bank Muscat plans capital hike

24 June 2005
The Central Bank of Oman (CBO) has approved plans for a capital increase by Bank Muscatthrough global depositary receipts (GDRs). The exact size of the increase is not yet known but issues of such instruments are rarely less than $100 million. The proposal is now with the Capital Markets Authority. Bank Muscat is planning a regional expansion.
The Central Bank of Oman (CBO) has approved plans for a capital increase by Bank Muscatthrough global depositary receipts (GDRs). The exact size of the increase is not yet known but issues of such instruments are rarely less than $100 million. The proposal is now with the Capital Markets Authority. Bank Muscat is planning a regional expansion.

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