Sohar International Bank SAOG (SIB1)

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News

12 October 2015 09:22 AM Bank Sohar posts OMR 21.3m profits in 9M

Mubasher: Bank Sohar’s profits after taxes reached OMR 21.29 million ($55.11 million) in the first nine months of 2015, compared to QAR 23.75 million ($61.47 million) in the same period of 2014, according to a bourse filing. Net operating income …

Financial Results

12 October 2015 06:52 AM Un-audited results for Quarter ended 30 Sep 2015

In compliance with the rules and guidelines on Disclosure issued by the Capital Market Authority vide their administrative decision No. 5/2007 dated 27th June 2007, Bank Sohar wishes to announce its initial un-audited results for the period ended …

15 July 2015 00:55 PM Bahrain's ABC arranges $250m loan for Sohar Bank

Mubasher: Sohar Bank has successfully closed a debut $250 million syndicated 3-year term loan facility. Arab Banking Corporation (ABC) acted as the sole initial mandated lead arranger and coordinating bank, said a bourse filling. Sohar Bank will …

Banking and Finance

13 July 2015 10:30 AM Oman’s Bank Sohar posts 14% fall in H1 profit

Muscat – Mubasher: Bank Sohar reported a 14.11% decline in net profit after tax for the first half of 2015 to OMR 13.8 million ($35.8 million), down from OMR 16.1 million ($41.7 million) the bank said on Monday. The bank earlier said …

Financial Results

13 July 2015 07:38 AM Un-audited results for Quarter ended 30 June 2015

In compliance with the rules and guidelines on Disclosure issued by the Capital Market Authority vide their administrative decision No. 5/2007 dated 27th June 2007, Bank Sohar wishes to announce its initial un-audited results for the period ended …

1 July 2015 07:30 AM Merger Proposal between Bank Sohar and Bank Dhofar

With reference to our disclosure dated 2nd June 2014 on the proposed merger with Bank Dhofar, Bank Sohar announces it has entered into a non-binding Memorandum of Understanding (MoU) with Bank Dhofar and that both parties have agreed to proceed …

18 June 2015 00:36 PM Fitch affirms 6 Omani Banks' IDRs

Fitch Ratings has affirmed six Omani banks' Long-term Issuer Default Ratings (IDRs), and upgraded two of the banks' Viability Ratings, yet, outlooks on all six banks are Stable.The Omani sovereign supported five of the banks’ IDRs, according to a …

Stock Evaluations

24 May 2015 04:10 PM Oman’s Bank Sohar launches $250m loan

Bank Sohar has authorized Arab Banking Corporation to arrange for a $250-million loan as the sole arranger and bookrunner for the loan syndication, with duration of three years.Sohar will pay a margin of 120 basis points over the London interbank …

Company News

7 May 2015 09:36 AM CMA approves Bank Sohar rights issue scheme

 Oman – Mubasher: Bank Sohar said it has received an approval from the Capital Market Authority (CMA) for a scheme of allotment for the rights issue closed for subscriptions on 29 April.Applications for a total of OMR 53.277 million were …

Company News

7 May 2015 08:38 AM BANK SOHAR RIGHTS ISSUE - ALLOTMENT & REFUNDS

Bank Sohar SAOG has received an approval from the CMA for a scheme of allotment for the Rights Issue closed for subscriptions on 29th April 2015. Applications for a total of OMR 53,277,365.225 were received against an issue size of OMR 40,040,000. …

21 April 2015 08:28 AM CLOSURE OF TRADING OF RIGHTS

Bank Sohar would like to announce that 21st April 2015 is the last day for trading of its Rights Entitlements within the ongoing Rights Issue currently open for subscription till 29th April 2015. 

15 April 2015 10:53 AM Bank Sohar profits fall 17% in Q1

 Oman – Mubasher: Bank Sohar announced its financials for the three month period ended 31 March 2015 and reported a 17.2% profit decline to OMR 6.58 million compared to OMR 7.95 million in Q1-14, according to a filing to the Muscat Securities …

Company News

15 April 2015 08:10 AM Un-audited results for Quarter ended 31 March 2015

In compliance with the rules and guidelines on Disclosure issued by the Capital Market Authority vide their administrative decision No. 5/2007 dated 27th June 2007, Bank Sohar wishes to announce its initial un-audited results for the period ended …

12 April 2015 00:54 PM BANK SOHAR RIGHTS ISSUE TIME-TABLE

Further to our newspaper advertisements dated 31st March and 1st April, 2015 that contained detailed Rights Issue announcement and important dates, we would like to inform our shareholders of the rights issue timeline as under –   Rights …

31 March 2015 08:41 AM CHANGE OF RIGHTS RATIO TO DETERMINE RIGHTS ENTITLEMENT – BANK SOHAR

At the AGM of Bank Sohar, held on 29th March 2015, the shareholders of Bank Sohar approved distribution of stock dividends at the rate of 6% of capital (6 shares for every 100 shares). Consequent to this, there will be a corresponding change in …

30 March 2015 09:49 AM Bank Sohar shareholders OK cash dividend, bonus issue

Oman-Mubasher: Bank Sohar shareholders approve on Sunday to distribute a cash dividend of 4% (4 baisa per share) and a 6% stock dividend (6 shares for every 100 shares).The bank announced a rise in profit after tax by 11.12% to OMR 29.878 million …

Corporate Actions

30 March 2015 08:09 AM AGM Resolutions of Bank Sohar, on 29 March 2015

Bank Sohar held its Ordinary Annual General Meeting of the shareholders at the Crowne Plaza- Muscat on 29th  March 2015.The shareholders present reviewed and approved the following agenda items: …

8 March 2015 08:25 AM Bank Sohar revises the proposed dividends but keeps the total dividend unchanged at 10% for the year 2014

Based on the advice of the Central Bank of Oman, the Board of Directors of Bank Sohar have revised the proposed cash dividend to 4%, i.e., 4 baizas per share and the proposed stock dividend to 6%, i.e., 6 shares per every 100 shares held, instead …

16 February 2015 08:31 AM BANK SOHAR – RIGHTS ISSUE PRICE

This is subsequent to Bank Sohar's disclosure on 14th October 2014 regarding the approval of a Rights Issue. The Board of Directors of Bank Sohar have approved a Rights Issue Price of 173 baizas per share plus issue costs of 2 baizas per share, …

18 January 2015 01:49 PM Bank Sohar profit grows 11% in FY14

Financial statements for Bank Sohar for the fiscal year (FY) ending December 31, 2014, revealed a rise in net profit after taxes by 11.2% to OMR 29.878  million ($77.6 million) against OMR 26.871 million during the same period of 2013.The Bank’s …

Company News

18 January 2015 07:24 AM Initial annual un-audited financials for the year ended 31 December 2014

 In compliance with the rules and guidelines on Disclosure issued by the Capital Market Authority vide their administrative decision No. 5/2007 dated 27th June 2007, Bank Sohar wishes to announce its initial un-audited results for the year ended 31 …

20 November 2014 09:21 AM Bank Sohar changes plans to OMR 40m rights issue

Oman’s Bank Sohar has planned to issue OMR 40 million rights shares in the beginning of 2015, declared Chief Executive Officer of Bank Sohar Rashad Ali Al Musafir, reported Times of Oman.Al Musafir stated "The OMR40 million rights …

Company News

16 October 2014 11:29 AM Bank Sohar approves capital increase

The Sultanate’s Bank Sohar has announced that the Bank’s Board of Directors has decided to proceed with the issuance of ordinary equity shares on a rights basis to existing shareholders of the Bank.In its statement to the Muscat …

Banking and Finance

1 October 2014 00:58 PM Oman’s Bank Sohar CEO steps down

In a statement to the Muscat Securities Market (MSM), Bank Sohar’s Board of Directors announced that the Bank’s CEO Mohamed Abdulaziz Kalmoor ‘has submitted his resignation from the services of the bank for personal reasons’.The Board …

Company News

11 August 2014 00:41 PM Net revenue for Oman’s Islamic finance skyrockets 147%

Oman’s Islamic banking sector witnessed significant growth during the H1-14 in terms of deposits and revenues amid a strong turnout for products by individuals and corporates, reported Muscat Daily, adding that net revenue of Islamic …

Banking and Finance