Muscat - BankDhofar announced its appointment as the collection agent for the initial public offering (IPO) of Oman India Fertiliser Company (OMIFCO) , which is one of the most prominent IPOs in the Omani capital market in recent years. This, in turn, contributes to strengthening BankDhofar’s position as one of the banks facilitating capital market transactions in the Sultanate of Oman by combining its extensive reach in the retail sector with advanced digital banking services.

The subscription includes offering 1,672,343,750 shares to investors as part of the Sultanate of Oman’s broader strategy to deepen participation in the capital market and expand investment opportunities for both institutional and individual investors. The subscription period for the first and second categories extends from June 16 to June 25, 2026 .

BankDhofar’s role in this subscription is highlighted by providing an integrated digital subscription experience, where investors can apply to subscribe directly through BankDhofar’s mobile banking application, enabling fast, secure and convenient participation without the need to visit branches .

The application has been designed to simplify the subscription process comprehensively, allowing customers to complete subscription requests, confirm allocations, and track transactions instantly, reflecting Bank Dhofar’s continued investment in digital transformation and customer-centric financial services .

Another advantage offered by the bank is the instant 1:1 subscription financing service, available through the mobile application, which enables eligible customers to obtain instant financing and increase their ability to subscribe to Omefco shares easily and quickly .

The subscription was financed at 0% interest for up to 15 days from the listing date, after which a competitive interest rate of 6% per annum applies. A nominal processing fee of 0.25% plus VAT is also charged, with a minimum of OMR 25 and a maximum of OMR 125 (plus VAT) .

These financing solutions contribute to broadening participation in the IPO. Based on the IPO price of OMR 0.156 per share, eligible customers can obtain financing of a minimum of OMR 1,014, enabling them to subscribe to 6,500 shares. When added to the investor's contribution, a minimum subscription of 13,000 shares, valued at OMR 2,028, can be reached .

At its maximum limit, BankDhofar's subscription financing service can support up to 12.82 million shares, equivalent to financing of approximately OMR 1 million. The total subscription capacity can reach OMR 2 million, or over 25.64 million shares, providing significant flexibility for various investor categories .

As the collection agent, BankDhofar will facilitate the subscription process through its network of branches spread throughout the Sultanate of Oman, in addition to its digital channels, ensuring easy access and efficient operations throughout the offering period .

This appointment reflects the bank’s proven track record in managing capital market transactions, including initial public offerings (IPOs) and rights issues, where Bank Dhofar has played a prominent role in a number of major IPOs, including acting as joint global coordinator and issue manager for the OQ Basic Industries Corporation (OQBI) IPO, which is one of the largest IPOs related to the privatization program in the Sultanate of Oman .

-I finish-

#Company Data

Disclaimer regarding the content of press releases
The content of this press release is provided by a third-party provider. We do not assume any responsibility for, nor do we have any control over, such content. This content is provided on an "as is" and "as available" basis and is not edited in any way. Neither we, nor our affiliates, will be liable for the accuracy, endorsement, or completeness of any opinions, views, information, or materials contained in this content.
This press release is provided for informational purposes only; the content does not constitute legal, investment, or tax advice, nor does it offer any opinion on the suitability, value, or profitability of any particular portfolio or investment strategy. Neither we nor our affiliates will be liable for any errors or inaccuracies in the content, or for any actions you take based on that content. You expressly agree and acknowledge full responsibility for your use of the information contained in this press release.
To the extent permitted by applicable law, Refinitiv, its parent company, subsidiaries, affiliates, relevant shareholders, directors, officers, employees, agents, advertisers, content providers, and licensors (collectively, the 'Refinitiv Parties') shall not be liable (jointly or severally) to you for any direct, indirect, consequential, special, incidental, punitive, or exemplary damages; This includes, but is not limited to, losses of profits, savings, or revenues, whether due to negligence, tort, contract, or other theories of liability, even if the parties to Refinitiv were advised of the possibility of any such damages or losses occurring or actually anticipated them.