
Muscat: Oman Sovereign Sukuk Company—on behalf of the Government of the Sultanate of Oman represented by the Ministry of Finance—announced the subscription results for the 12th issue of local sovereign sukuk valued at OMR150 million.
A statement issued by the company on Tuesday indicated that the total value of subscription applications for this issue reached approximately OMR273.17 million.
The average accepted profit rate stood at 4.82 percent, with a maximum profit rate of 4.85 percent and a minimum of 4.75 percent.
The statement noted that these sukuk will be issued on Thursday, and the annual return due on the sukuk will be paid four times a year, specifically on 29 January, 29 April, 29 July, and 29 October of each year until the maturity date on 29 October 2033.