The Oman Financial Services Authority directed Sohar International Bank SAOG to explain why it failed to follow the timetable in its rights issue prospectus and delayed listing the newly issued shares beyond the scheduled date of July 30, 2026. The bank must also address why it did not disclose the delay. The authority emphasized that the prospectus is the legal document governing the subscription and that both the issuer and issue manager must comply with its terms, obligations and provisions. It may take further legal measures.
Oman Financial Services Authority2026-08-02
Oman Financial Services Authority directs Sohar International Bank to explain delayed rights issue listing
The Oman Financial Services Authority directed Sohar International Bank to explain its failure to list new rights issue shares by July 30, 2026, and its failure to disclose the delay. The authority may take further legal measures.