Qatar's Commercial Bank seeks to acquire additional 15.2% stake in NBO
Qatar’s Commercial Bank seeks to acquire additional 15.2% stake in NBO SHARE Muscat: The Commercial Bank PSQC (CB) of Qatar has announced a public offer to acquire an additional 15.2 percent of the issued share capital of National Bank of Oman (NBO), a move that will increase the former’s stake in the Omani lender to 50.1per cent. The offer opens on June 10, 2021 and closes on July 11, 2021 against an offer price of RO 0.200 per NBO share which represents a (1) 36 percent premium versus the Volume Weighted Average Price (VWAP) since January 1, 2021; (2) 28 percent prem...