The company had 2.72 million mobile and fixed line subscribers as of March 31, up 12 per cent from a year earlier.
The lender made a net profit of OMR12.6 million in the three months to March 31.
The company made a net profit of OMR3.83 million ($9.95 million) in the first quarter of 2015.
The bank made a profit of OMR43.3 million ($112.5 million) in the first quarter of 2015.
State-controlled Petroleum Development Oman plans to invest over $40 billion in its projects by 2019.
The French oil company failed to make commercially attractive discoveries in the block.
Obama also reiterated the U.S. commitment to address “Iran’s destabilising activities in the region.”
The lender received shareholder approval for the offering on March 30.
Oman was a key intermediary when Tehran and Washington launched secret talks on a possible nuclear deal in 2013.
Shareholders of Doha Bank, Qatar’s fifth-largest lender by assets, approved the purchase in December 2014.
The rights issue would be in addition to the planned Tier 1 bond of $300 million.
The airline plans to use these aircraft to grow its domestic network, and key regional markets like the Gulf and India.
Qaboos, 74, has been absolute ruler of Oman since 1970, but his absence in Germany since July had led to growing concern about his health.
The contract was won along with Dhofar International Development and Investment Holding Co.
Omantel did not give any timing for the issue in the bourse filing.
The plan comprises issuance in domestic and international markets through public subscription or private placement, a bourse statement said.
No injuries were reported as a result of the accident, the airline said in a statement.
The listing of family-owned businesses has been a key aim of bourses across the Gulf region, including Oman.
The bank did not explain the reasoning behind the recommendation, but said it would increase its bonus share issue to 15 per cent from 10 per cent.
Oman Brunei Aviation Leasing Co will invest in and manage the purchase and lease of commercial aircraft operated by airlines in the Middle East and globally.
Until now there has been only one issuer of sukuk in Oman, a OMR50 million private placement from Tilal Development Co.
Said Jadad found guilty of “undermining the prestige of the state”, was fined and sentenced to three years in jail.
The lender said it had revised its proposed cash payout to four per cent from six per cent.
PDO’s production in January and February exceeded the planned average for the year as a whole.
The Islamic bond will help finance a budget deficit caused by the plunge of oil prices, Hamood Sangour al-Zadjali said.
It did not say when it expected to fix the problem, stating that efforts were in progress to rectify it as soon as possible.
Should Bank Dhofar sell a Tier 1 bond, it would be the first such issue by an Omani bank.
The potential deal is the latest sign of consolidation after the start of merger talks in 2013 between Bank Dhofar and Bank Sohar.
The lender said last month that it was mulling options for raising up to $300 million of capital at the earliest opportunity.
The proposed cash amount, for which no timeframe was given but which is in line with what the company paid for the second half of 2013.