26th Feb 2013 07:03
RNS Number : 6591Y
BankMuscat (S.A.O.G)
26 February 2013
BankMuscat Board of Directors Meeting
Further to our disclosure to the markets on 25th February 2013 our Board of Directors met to discuss the compromise of 12 prepaid travel cards. The maximum impact on our profits will be OMR 15 million as disclosed to the market yesterday. We are exploring all avenues to minimize the impact on our shareholders and will pursue the various options available to the bank. We will update the market on any material developments.
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