National Bank of Oman

National Bank of Oman (NBO) held its Extraordinary General Meeting (EGM) with shareholders at the bank’s Head Office in Athaiba. The principal agenda item was the approval of the Bank’s capital raising plan over the next five years, which includes issuances of additional Tier-1 capital in the region of USD 300 million (and/or OMR equivalent) and Tier 2 capital in the region of OMR 50 million (and/or USD equivalent). The shareholders approved the Board’s proposal of the above capital raising plan. The issuance timing and pricing is to be determined ...