MUSCAT: Oman’s Bank Muscat has planed $1.3 billion (500 million rial) Sukuk programme (Islamic bond programme) and plan comprises issuance in domestic and international markets through public subscription or private placement.
Shareholders of Oman’s Bank Muscat approved plans at a meeting on March 19 and regulatory approval thereafter.
Tranches will have different amounts, maturities and profit rates, and be issued on different dates, the lender added without giving the details. All the sukuk would be issued within five years.
