Mubasher: Muscat Finance Company announced on Wednesday that its extraordinary general meeting (EGM) will be held on 30 June to discuss and approve issuing unsecured non-convertible subordinated bonds worth OMR 5 million, with a nominal value of OMR 1 per bond.

The EGM will also approve the appointment of the Muscat Clearing and Depositary Company as the agent of the bondholders, according to a bourse filing.

The stock ended Tuesday’s trading falling 2.5% to OMR 0.12 as 70,000 shares were exchanged at OMR 8,190.