Thursday 07, September 2017 by Nabilah Annuar

Bank Sohar commences its Tier 1 fundraising exercise

Subscriptions in this private placement closes on 20 September 2017.

Following the Bank Sohar’s EGM approval on 13 August 2017, the subscription of up to 70,000 Perpetual Additional Tier I Capital Instruments (capital securities) and a Green Shoe Option of an additional 30,000 capital securities on a private placement basis, at a price of OMR 1,000 per Capital Security, aggregating up to OMR 100 million has started from 6 September 2017 and will be closed on 20 Sptember 2017.

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