Oman’s Meethaq Sukuk Company Redeems OMR 44.6 Million Sukuk Series 1

Oman’s Meethaq Sukuk Company Redeems OMR 44.6 Million Sukuk Series 1

https://islamicmarkets.com/articles/oman-s-meethaq-sukuk-company-redeems-omr-44-6-million-sukuk-series
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The Sultanate of Oman’s (Oman) Meethaq Sukuk Company has announced the full redemption of Meethaq Sukuk Series 1, totalling OMR 44.6 million (USD 116 million), issued under Meethaq Sukuk Al Musharaka Programme, according to a statement by Bank Muscat on the Muscat Securities Exchange on the 14th of June 2022.

Why it Matters?

The Sukuk, which was issued on the 13th of June 2017, was repaid on the 13th of June 2022, its contractual maturity date. Meethaq Sukuk Company, to date, has issued Meethaq Sukuk Series 1 and Meethaq Sukuk Series 2 under the Meethaq Sukuk Al Musharaka Programme.

Details

Meethaq Sukuk Company, the Issuer of the Sukuk, is a Special Purpose Company (SPC) that has been established by Bank Musca...