Bank Sohar was incorporated with a paid in capital of RO 100 Million. Major shareholders of Bank Sohar comprise a team of founders who invested in 60% of the initial share holding.
Major Promoter Shareholders |
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The Palace Office Affairs, a sovereign government entity. |
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Government run Pension Funds. |
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Oman Investment Fund promoted by the Ministry of Finance. |
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Al Ghadeer Al Arabia LLC, a private investment company. |
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Leading business houses of Oman. |
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Bank Sohar has raised 40% of the paid up capital through an Initial Public Offering (IPO) in January 2007 which was oversubscribed six times. The banks shares are listed on the Muscat Securities Market.
Major Share holders of the Bank as on 31st Dec 2010 are: |
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Al Ghadir Investments 15.00% |
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Omani Pension Funds 16.32% |
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Royal Court Affairs 14.57% |
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Omani Wealth Funds 15.28% |
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The deemed government and related holdings in Bank Sohar were 46.17% as on 31st Dec 2010 |
Shareholders
