Mubasher: The extraordinary general meeting (EGM) of Alizz Islamic Bank approved issuing a perpetual sukuk at OMR 30 million, according to a statement.

The tier 1 additional capital will be issued through a rights issue subject to regulatory approval, the bank added in its statement to the Muscat Securities Market (MSM) on Wednesday.

The bank’s stock was traded at OMR 0.07 mid-Wednesday, rising 1.41%.