25 Jun 2012 11:52
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BankMuscat Rights Issue
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We refer to our earlier disclosure on the Bank's Rights issue and can advise the market that all regulatory approvals are now in place to proceed.Β Further to the recent Board approval, theΒ Rights issue is priced at RO 0.425 per share (excluding issue expenses of 2 baisa.), which isΒ at aΒ 25% discount to theΒ closingΒ market priceΒ of June 24,Β 2012. For further details, please refer to the statutory disclosure/prospectus or visit the Bank's websiteΒ www.bankmuscat.comΒ
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