According to a statement of Al Izz Islamic Bank, they have elected members of the board. The elections have taken place a month after the initial public offer of the bank’s shares. The chairman, who is to lead a board of six members, is Taimur Bin As’a…
After Oman allowed sharia-compliant lending last year, new Islamic banks are bolstering their balance sheets in order to challenge the sultanate’s larger conventional lenders. Al Izz Islamic bank recently enabled subscription for its initial public off…
According to a study by Al Izz Islamic Bank, the assets of Islamic banks in Oman are expected to pass the mark of RO 2 billion by 2015. The assets of Islamic banks in the country represent 10% of the total banking assets. The study further points out s…
Al Izz Islamic Bank plans to launch an initial public share offer (IPO) for 40 percent of the bank. the bank has set a goal to raise 40 million rials ($104 million) in this way. The offer will be opened on September 22 and will run for one month. Share…
Al Izz Islamic Bank has announced the lunch of its IPO by next month. The bank has already received approval from the regulatory authority. According to bank officials, the shares should probalbly be listed on the stock market as soon as in September.
A group from Aabar Investments plans to set up the first Islamic bank in Oman – Al Izz Islamic Bank. The promotion of the bank is conducted under the supervision of Abu Dhabi’s Aabar , Oman’s Huriah Company and Dubai-based Tasameem Real Estate Company….
MARKETWATCH Top News