News Column

New Date for TOI Shares Listing

January 22, 2014

Muscat , Jan 21 (ONA) ---- Muscat Securities Market (MSM) today issued a statement modifying the date for listing the shares of Takaful Oman Insurance (TOI), mentioned in the issuance list. The new listing date is Tuesday February 4th , as adopted by the Committee of TOI founders and approved by the Capital Market Authority (CMA).The statement said that due to lack of quorum required for the holding of the constituent Assembly of the shareholders of the company in accordance with the provisions of article 124 of the Commercial Companies Law No. (4/74) it was decided to convene a second constituent Assembly at 3 p.m. on Tuesday , Jan 28th.TOI said that the rest of the items on the offering as in the offering notice and the issuance bulletin and the subscription application will remain as they are.It should be noted that TOI is an Oman joint stock company under transformation. ----Ends/MN/FS

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Source: Oman News Agency

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