Oman’s Fourth Issuance of Sovereign Sukuk Exceeds OMR 200 Million; Inaugural Retail Sukuk Announced

Oman’s Ministry of Finance (MoF) has announced the successful completion of Series 4 of its OMR Sovereign Sukuk Programme, by issuing over OMR 200 million worth of sovereign Sukuk, according to local media reports.

The latest issuance, which was offered from the 4th to 10th of November 2020, received strong demand from local investors with an oversubscribed order book of around OMR 220 million, exceeding the target of OMR 175 million, local media reported.

The MoF has also announced the launch of a public offering of Series 5 Sukuk certificates structured under the Shariah principle of Ijarah. The fifth issuance of Sukuk will mark the inaugural offering for retail investors t...