alizz islamic bank’s IPO oversubscribed
According to an announcement by alizz islamic bank SAOG, the Initial Public Offering worth RO 40.8 million had great success and was oversubscribed. Investors from category 1 had applied for up to 100,000 shares and received all of their application amounts. Category 2 investors had applied for more than 100,100 shares. They have been allotted 83.95% of their application amounts. It is planned for the constitutive general meeting of the bank to be held on November 20, 2012.