MUSCAT – In a disclosure on Muscat Stock Exchange, Ominvest (Oman International Development and Investment Company) stated that the Consortium has decided to withdraw the offer following Ahli Bank’s disclosure, dated July 25, regarding its Rights Issue of OMR 50 million.
“This decision was made by the Consortium due to the following:
• The recent development at Ahli Bank to increase its share capital through its Rights Issue.
• The Central Bank of Oman was not in a position to grant exceptions to the Consortium for the Offer under Article (57) of the Banking Law 114/2000 and the provisions of Banking Regulation No. 40/96,” stated Ominvest.
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