Bank Sohar on Wednesday said that the bank has closed an OMR35mn subordinated debt issue, which will boost its tier 2 or supplementary capital. “This will significantly improve the bank’s capital position, allowing it to support the local economy more strongly through greater ability to provide finance for deserving projects,” the bank statement said. The debt was bought by pension funds, large Omani corporates and individual investors, the disclosure stated. (Times of Oman) Bank Sohar: OMR0.178 as of 7 September, Rating: Neutral, FV: OMR0.136 per share, MCap: USD752mn, BKSB OM / BKSB.OM
This website uses cookies to make the site work, to understand if the site is working well, how it is being used, to connect to social media sites (such as Facebook and Twitter) and to collect information useful to allow us and our partners to provide you with more relevant ads . Some cookies are essential to make the site work, but you can control how we use non-essential cookies at any time by clicking the “ON/OFF” button next to each category. For more information about the cookies used on this site, see Privacy Policy.
Decide which cookies you want to allow.
Strictly Necessary
These cookies are essential in order to enable you to move around our website and use its features, such as accessing secure areas of our website. Without these cookies, any services on our Site you wish to access cannot be provided.
Analytical/performance cookies
Visitors use our website, for instance which pages you go to most often, and if you get error messages from web pages.