Muscat: Ahlibank shareholders last week approved the issuance of 50 million perpetual bonds (additional tier 1 capital instruments), through rights issues at its Extraordinary General Meeting (EGM).
Ahlibank held the bank’s EGM on Thursday (April 27) at the Intercontinental Hotel.
The bonds totalling 50 million have a par value of OMR1 per share, and 5 baisas per share as issue expenses, according to a bank release.
Ahlibank will put up the remaining bonds, if existing, after the issue of the rights to public subscription, following the required procedures, and with the approval of the Capital Market Authority.
The meeting was presided over by Hamdan Ali Nasser Al Hinai, chairman of the bank’s Board of Directors.