Bank Nizwa gears up to open doors early
Bank Nizwa is expected to open its doors either towards the end of the year or early next year.
Hamoud bin Sangour Al Zadjali, Central Bank of Oman (CBO) executive president, thinks that the bank will have a capital of RO150 million from which 40 % will be offered to the public through an initial public offering.
The CBO chief also added that existing banks, that intend to start window operation for Sharia-compliant products, can offer them through an existing branch and there is no need for opening an exclusive branch.
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