Mubasher: Bank Dhofar’s board of directors approved on Wednesday a rights issue worth OMR 40 million, with an issue price of 200 baisas per share, consisting of a nominal value of 100 baisas, a premium of 98 baisas, plus issue expenses of 2 baisas. 

The rights issue is subject to regulatory approvals, according to a bourse filing released on Thursday.

The board’s decision overthrows and replaces the rights issue which was approved by the board on 29 March 2015.