Dhofar Islamic powers retail access to OMIFCO IPO with sharia-compliant financing
Dhofar Islamic is playing a pivotal role as one of the key collecting banks in the initial public offering (IPO) of Oman India Fertiliser Company (OMIFCO), Oman’s flagship ammonia-urea producer, as the Sultanate continues to deepen capital market participation and broaden investment opportunities for both institutional and retail investors. The IPO, which opened on 16 June 2026, offers 1,672,343,750 shares to the public, with subscription windows for Category I and Category II investors running until 25 June 2026.
As part of its mandated role in supporting the transaction infrastructure of the Muscat Stock Exchange (MSX), Dhofar Islamic is enabling seamless access to the OMIFCO IPO through a fully integrated subscription ecosystem that includes digital convenience and Sharia-compliant solutions. Customers can apply for the IPO directly via the Dhofar Islamic mobile banking app, allowing investors to subscribe instantly and securely from anywhere, significantly reducing traditional onboarding friction and enhancing retail participation in one of Oman’s most prominent listings.
A key highlight of the bank’s offering is its 1:1 IPO financing facility, which is available through Dhofar Islamic branches. This facility allows eligible customers to immediately increase their subscription capacity by accessing Sharia-compliant financing aligned to IPO participation needs. Under the structure, financing is offered at 0% profit for up to 15 days from the listing date. A nominal processing fee of 0.25% (plus VAT), subject to a minimum of OMR 25 and a maximum of OMR 125, ensures accessibility while maintaining operational efficiency.
The financing framework is designed to significantly broaden investor inclusion. At the entry level, eligible customers can obtain IPO financing from OMR 1,014, enabling subscription to 6,500 shares. When combined with their own contribution, this supports a minimum subscription of 13,000 shares valued at OMR 2,028. At the upper end of the spectrum, the facility supports financing of up to OMR 1 million, enabling subscriptions of approximately 6.4 million shares, while total participation capacity—including investor equity—can reach OMR 2 million, equivalent to more than 12.8 million shares. This scalable structure ensures that investors of varying financial profiles can meaningfully participate in the OMIFCO offering.
By integrating mobile-first subscription tools with Islamic IPO financing, Dhofar Islamic continues to position itself as a critical enabler of capital market access in Oman.
