The authorised capital of the Bank is RO 1 billion (31 December 2023: RO 1 billion, 31 March 2023: RO 1 billion). The issued shares of the Bank are 5,577,246,270 (31 December 2023: 5,467,888,500, 31 March 2023: 4,590,062,290). The paid up capital of the Bank is RO 572,508,107 (31 December 2023: RO 561,572,410, 31 March 2023: RO 455,355,439).
In August 2023, the Bank issued 877,826,210 fully paid up ordinary shares valued at 121 baisa per share to the shareholders of HBON, amounting to RO 106,216,971, as part consideration for the merger.
In the Annual General Meeting held on 28 March 2024, the shareholders approved the distribution of bonus shares at the rate of 1.95% of the Bank’s paid up capital amounting to RO 10,935,777. The number of bonus shares issued to shareholders was 2 shares for every 100 shares held, resulting in an increase in the issued shares of 109,357,770.
As at 31 March 2024, the following shareholders held 10% or more of the Bank’s issued shares, either individually or together with related parties:
Number of shares | % Holding | |
The Royal Court of Affairs | 767,200,535 | 13.76% |
Oman Investment & Finance Co SAOG | 726,416,500 | 13.03% |
Listed on 04 March 2007, Sohar International Bank has issued 5,467,888,500 shares.
Over the previous decade, Sohar International Bank has consistently paid shareholders a cash dividend ranging between 3% and 8%.
Stock exchange announcements
Distribution of Share Ownership
As on 31.03.2024
