Muscat: Following its contribution to the successful closing of the Sultanate of Oman’s eleventh sovereign sukuk issuance, Bank Nizwa, the most trusted Islamic bank in Oman, announced its participation as the lead arranger bank in the initial public offering (IPO) of Oman India Fertiliser Company (OMIFCO), a Sharia-compliant offering. This participation underscores the bank’s position as a leading provider of investment banking solutions and reaffirms its commitment to providing Sharia-compliant banking solutions.

The bank offers customers the opportunity to easily participate in this subscription through its branch network spread across the Sultanate for corporate clients, or via its mobile application for individual customers. The bank also provides customized financing solutions to enable customers to capitalize on this investment opportunity. By adding this service to its diverse portfolio of offerings, Bank Nizwa continues to strengthen its position as a leading force in the Islamic banking landscape of the Sultanate of Oman.

It is worth noting that OMFCO operates the largest fertilizer production complex in the Sultanate of Oman and is ranked among the top five fertilizer producers in the GCC. The company offered 25% of its share capital for public subscription on the Muscat Stock Exchange, a significant milestone for Oman's financial sector. The IPO offered 1,672,343,750 shares, providing local and international investors with the opportunity to participate in a prominent project of great importance to Oman and supporting the development of the Omani capital market. 40% of the shares were allocated to individual investors and 60% to institutional investors.

By providing integrated IPO services and Sharia-compliant financing solutions, Bank Nizwa continues to solidify its position as one of the trusted institutions in the Islamic banking sector in the Sultanate of Oman, and a reliable partner in enabling its clients to access investment opportunities that contribute to achieving sustainable value.

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