20th Mar 2012 10:32
RNS Number : 6831Z
BankMuscat (S.A.O.G)
20 March 2012
BankMuscat Islamic Banking Capital Allocation
BankMuscat would like to inform the market that it has received Board Approval to assign capital of RO 150 million for the purposes of its proposed Islamic Banking window. The actual allocation will be determined by business opportunities and the Board has indicated that this amount may increase if required. This capital allocation will be subject to necessary regulatory approvals.
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