Oman’s Capital Market Authority Approves Takaful Oman’s OMR 25 Million Perpetual Sukuk Prospectus

Oman’s Capital Market Authority (CMA) has approved the main prospectus of the issuance of OMR 25 million perpetual Sukuk Mudharabah by Takaful Sukuk Special Purpose Company (Takaful Sukuk SPC) in favour of Takaful Oman Insurance (Takaful Oman), according to local media reports.

In addition, the prospectus of the first issuance of the perpetual Sukuk programme for the offering of OMR 6 million in private placement at an issue price of OMR 1.020 comprising of OMR 1 as nominal value and 20 Biasas for issue costs has been approved by the CMA. The minimum limit of subscription of the first issuance of 100,000 Sukuk is expected to commence on the 17th of January 2020.

According to local media reports, proceeds of the perpetual Sukuk to be offered by Takaful Sukuk SPC...