Mubasher: Bank Sohar said Wednesday that it has successfully closed its OMR 35 million Tier II subordinated debt issuance.

The bank believes that the raise will significantly improve the bank’s capital position and will help it in supporting its ability to provide finance for projects.

The subscribers included Pension Funds, Large Omani Corporates, and individuals, according to a bourse filing.

The stock rose in Tuesday’s trading by 1.15% to OMR 0.18.