| The Company
has available credit lines to meet its business commitments as per the budgeted
projections and is continuously working on sourcing new credit lines and
Corporate Deposits to optimize the cost of funds.
Initial Public Offering
Taageer successfully went Public in September 2005 through the
maiden Public Issue which was oversubscribed 4.36 times with participation of
10,300 shareholders, making it the largest shareholder base amongst NBFCs.
Consequently, the paid-up capital of the Company has increased from RO 5 million
to RO 7.50 million.
The following are the major shareholders (above 10% shareholding) of Taageer as
at September 30, 2008.
|
|
Shareholders |
Post IPO Holding |
|
|
No. of Shares |
% |
|
|
The Arab Investment Co, Saudi Arabia |
14,175,000 |
18.00 |
|
|
Al Anwar Holding SAOG |
10,864,320 |
13.80 |
|
|
Iran Foreign Investment Co, Iran |
9,450,000 |
12.00 |
|
|
Al Madina Financial & Investment Services Co. (SAOC), Oman |
8,503,824 |
10.80% |
|