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25 Jun 2012 11:52
RNS Number : 0607G
BankMuscat (S.A.O.G)
25 June 2012
BankMuscat Rights Issue
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. Further to the recent Board approval, the Rights issue is priced at RO 0.425 per share (excluding issue expenses of 2 baisa.), which is at a 25% discount to the closing market price of June 24, 2012. For further details, please refer to the statutory disclosure/prospectus or visit the Bank's website www.bankmuscat.com
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