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BankDhofar holds Extraordinary General Meeting
July 1, 2019 | 4:30 PM
by Times News Service
The meeting was chaired by Eng. Abdul Hafidh Salim Rajab Al Aujaili, Chairman of the Board, and attended by the board members, senior management of the bank and shareholders. - Supplied picture
 
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Muscat: The Board of Directors of BankDhofar has conducted its Extraordinary General Meeting (EGM).

The meeting was chaired by Eng. Abdul Hafidh Salim Rajab Al Aujaili, Chairman of the Board, and attended by the board members, senior management of the bank and shareholders.

The meeting — which took place at the InterContinental Hotel, Muscat on June 30, 2019 — approved to consider the issue of perpetual Tier 1 Capital instrument (Additional Tier 1 perpetual bonds) in an indicative amount of up to US$300 million (OMR115.5 million) at some time over the next five years to be listed and traded on theEuronext Dublin (formerly traded as Irish Stock Exchange) and/or to be listed and traded on the Muscat Securities Market through public subscription or private placement, subject to any regulatory and other approvals, and based on the Bank’s needs and prevailing market conditions.

BankDhofar shareholders unanimously authorised the management team and/ or the Board of Directors to take the required procedures and actions to implement the above.




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