securities

Bank Sohar closes OMR100m bond issue with coupon rate of 7.75%

Muscat - Muslimchronicle

Bank Sohar successfully closed the issue of up to 100,000 perpetual capital securities (including a greenshoe option) on a private placement basis, at a price of OMR1,000 per capital security, aggregating to OMR100 million. The capital securities was issued with an initial interest rate of 7.75 per cent. The results of the private placement were approved by the Capital MarketRead more

Securities and Commodities Authority to levy charges on 23 services

Abu Dhabi - Musimchronicle

The Securities and Commodities Authority will levy charges on 23 corporate services effective September 28th, 2017. A memo toward this effect has been sent by SCA to UAE-based Public Joint Stock Companies, auditors and investment funds on the Cabinet Resolution No 21 of 2017 regarding the charges of some of SCA services that will be entered into effect on theRead more

Muscat Stock Index Loses 19.3 Points

Muscat - QNA

Muscat Securities Market (MSM) general index (30) today lost 19.3 points, comprising a decline by 0.34 percent to close at 5578.96 points. The trading value today stood at Omani Riyals (RO) 2,567,277, comprising a decrease by 10.2 percent compared to the last session, which stood at RO 2,585,826, according to Oman News Agency. The report released by MSM pointed outRead more

Muscat Securities Market Loses 29 Points

Muscat - QNA

Muscat Securities Market (MSM) general index (30) on Tuesday lost 29.01 points, comprising a decline by 0.52 percent to close at 5549.95 points, compared to the last session, which stood at 5578.96 points. The trading value stood at Omani Riyal (RO) 2,264,929, comprising a decline by 11.8 percent compared to the last session, which stood at RO 2,567,277. The marketRead more

China to push for IPO normalizaion: securities regulator

Beijing - Xinhua

China will push for the normalization of initial public offerings (IPOs) and refinancing activities, while considering possible pressure on the market, said Deng Ge, spokesperson for the China Securities Regulatory Commission. An IPO suspension between July and November 2015 was followed by a period of slower IPO approval. Under the current IPO system, new shares are subject to approval fromRead more