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The first investor roadshow for Oman’s Bank Nizwa Initial Public Offering (IPO) was held in Nizwa last week.
Under the IPO, which was opened last month, Bank Nizwa is offering 600 million shares to the public (both Omani and non-Omani) at a price of baisas 102. Many analysts have forecast a good response from both retail and institutional investors.
Senior officials from Bank Nizwa and the Issue Manager, Oman Arab Bank, were present at the event where they gave details about the bank’s progress and plans and the IPO application process. Bank Nizwa has organized roadshows in six more Omani cities including Sur, Ibra, Barka, Sohar, Salalah and Muscat between now and the closure of the IPO on May 22, Oman Observer reported.
