Trowers advises on OAB’s mandatory convertible bonds issuance
Trowers & Hamlins has advised Oman Arab Bank S.A.O.G. (OAB) on the issuance of up to OMR 10,016,460 unsecured, mandatory convertible bonds. The purpose of the issuance is to distribute dividends to OAB’s shareholders following OAB’s robust performance, financial and liquidity position.
Trowers’ team
The Trowers team was led by partner and head of finance and capital markets – Oman, Salman Ahmed (pictured) with support from Jonathan Grosvenor (senior associate), Rashi Jain, Kasab Vora and Reem Al Mahrizi (associates) and Fatma Al Mataani (trainee lawyer).
The bonds will be admitted to trading by the Muscat Stock Exchange on the Bonds and Sukuk Market.
Ubhar Capital S.A.O.C. (U-Capital) acted as the issue manager to the issue, and Trowers & Hamlins advised as transaction counsel on all aspects of the issuance.
