Oman’s Inaugural OMR 25 Million Retail Sukuk Issuance Fully Subscribed; Listed for Trading

Oman’s Capital Market Authority (CMA) has announced that the sultanate’s inaugural sovereign Sukuk issuance for retailers, valued at OMR 25 million, has been fully subscribed, according to local media reports. Furthermore, the issuance has been listed on the Sukuk market of the Muscat Securities Market until its maturity and will be available for trading.

The Series 5 Oman Sovereign Sukuk is made up of 25 million trust certificates worth OMR 25 million, set to mature on the 24th of November 2022. The CMA stated that the offer was fully subscribed by individual investors.

The Sukuk has a profit rate of 4.75% per year and a limited maturity period of two years, with profi...