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FINANCIAL NEWS
Al Madina Insurance to offer share in IPO
01 Oct 2013
(MENAFN) Oman’s Al Madina Insurance Company plans to offer 66.7 million shares in an initial public offering (IPO), Times of Oman reported.
This bid comes as the company is trying to alter its status to a Sharia-compliant takaful firm, which requires the company to be publically owned.
Deputy Chairman of Al Madina Insurance said: “We are going to offer 40 per cent of the company’s capital and it is going to be capital increase and not just sale of stake of the promoters. It is going to be a premium issue.”
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BBK awards over BD 1 Million to 273 winners in the February Al Hayrat Grand Prizes draw
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BBK activates partial remote working system for its workforce to ensure employee and customer safety and service continuity
24 Feb 2026
BBK discloses its financial results for the year ended 31st December 2025
05 Feb 2026
BBK announces December Al Hayrat Grand Prize winners and another wave of Grand prizes for February
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