BankDhofar on Wednesday said that its rights issue subscription will open between October 5 and 19. The bank will be issuing 200mn rights shares at an issue price of OMR0.200 per share, which include a nominal value of OMR0.100, a premium of OMR0.098 and an issue expense of OMR0.002, to increase its tier 1 capital by OMR40mn. Shareholders of BankDhofar, who have 1,000 shares of the bank, will be entitled for 117 rights shares duly rounded down to the nearest number, the bank said in a disclosure statement posted on MSM website. The record date for the rights issue is September 27. Also, the rights trading period is fixed between October 2 and 16. (Times of Oman) Bank Dhofar: OMR0.236 as of 21 September, Rating: Neutral, FV: OMR0.220/ share, MCap: USD1,055mn, BKDB OM / BDOF.OM
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