Friday 30 / May / 2025
Muscat: The Oman Sovereign Sukuk Company, acting on behalf of the Government of the Sultanate of Oman through the Ministry of Finance, has announced the launch of the 9th issuance of Local Sovereign Sukuk.
The offering is valued at OMR100 million, with a Greenshoe option to increase the issuance size. This Sukuk will have a 7-year maturity period and offers an annual profit rate of 4.65%.
The subscription period is scheduled to commence on Tuesday (27 May, 2025), and will conclude on Sunday (1 June, 2025. The Sukuk are expected to be issued on Wednesday 4 June 2025 (the "Issuance Date"). Profit payments will be made semi-annually on 4 December and 4 June until the maturity date of 4 June 2032.
This Sukuk issuance is open to all categories of investors, residents and non-residents (irrespective of their nationalities). The Sukuk will be offered through a competitive auction process. Interested investors may submit their bids through the designated collecting banks: Bank Muscat (Meethaq Islamic), Ahli Bank (Ahli Islamic), during the specified subscription period.
These Sukuk are structured in compliance with Shari'a principles and will be tradable on the Muscat Stock Exchange at prevailing market prices. Details of the allotted Sukuk will be recorded in the Sukuk register maintained and managed by the Muscat Clearing and Depository Company.
The Oman Sovereign Sukuk Company underscores the critical importance of ensuring that the bank account number provided in the subscription application precisely matches the account details registered with the Muscat Clearing and Depository Company. This accuracy is essential to facilitate a seamless subscription process and ensure the timely disbursement of profit payments and principal redemption at maturity.
