Latest news with #OmanSovereignSukukCompany
Zawya
5 days ago
- Business
- Zawya
Oman: Bank Muscat successfully manages $259mln sovereign sukuk issuance
Muscat: Bank Muscat, the leading financial services provider in the Sultanate of Oman, announced that it successfully managed series 9 of the Sovereign Sukuk Issuance launched by the Oman Sovereign Sukuk Company, with a total value of OMR100 million. The sukuk carries a 7-year maturity and offers an annual profit rate of 4.65%. Bank Muscat was appointed as the official issue manager and collecting bank for the subscription, in collaboration with other local financial institutions. This mandate reinforces the bank's leadership in executing major investment transactions within the Sultanate and across GCC capital markets. The Oman Sovereign Sukuk Company had opened the subscription window from 27th May to 1st June 2025, with the sukuk settlement scheduled for Wednesday, 4th June 2025. The sukuk was priced within a competitive yield range, with an average yield of 4.625%, a minimum yield of 4.57%, and a maximum yield of 4.64%, reflecting strong investor confidence and market stability. The sukuk payouts will be made semi-annually on 4th June and 4th December each year until maturity on 4th June 2032. The issuance witnessed participation from all categories of investors, retail as well as institutional. The sukuk is structured in accordance with Sharia-compliant principles and is fully tradable on the Muscat Stock Exchange (MSX) at prevailing market prices. All allocation details and investor records will be maintained and administered by Muscat Clearing and Depository Company, as the central registrar and depository for the sukuk. Commenting on the occasion, Khalifa Abdullah Al Hatmi, Deputy General Manager, Investment Banking and Capital Markets at Bank Muscat, expressed pride in collaborating with the team at Oman Sovereign Sukuk Company and the Ministry of Finance, Sultanate of Oman for this successful issuance. He noted: 'The Bank's appointment as the official issue manager for the sukuk issuance is a testament to the company's trust in Bank Muscat's capabilities and leadership in managing major investment transactions for a range of corporate and institutional clients. The Bank, represented through its Investment Banking and Capital Markets division, has extensive experience in structuring and executing large-scale capital market deals, both on debt as well as equity side, and its specialized team is well-equipped to navigate evolving market dynamics and complexities. Bank Muscat is committed to supporting the growth of local financial markets by offering a comprehensive suite of banking and financial solutions tailored to institutional and retail customers alike.' The selection of Bank Muscat as the issue manager underscores its strong local, regional, and international reputation among individuals, corporates, and financial institutions. Demonstrating its role as a key player in advancing the Sultanate's financial landscape, the Bank continues to build on its market-leading position by delivering innovative financing and advisory solutions. These include corporate and project finance, debt restructuring, public offerings, equity-linked instruments, private placements, and mergers and acquisitions. © Muscat Media Group Provided by SyndiGate Media Inc. (
Times of Oman
6 days ago
- Business
- Times of Oman
9th sovereign sukuk auction results announced
Muscat: Total subscription requests for the ninth issue of local sovereign sukuk exceeded OMR260 million, against an issuance size of OMR100 million by the Oman Sovereign Sukuk Company. In its official statement, the company reported an average accepted yield of 4.62%, with the maximum accepted yield reaching 4.64% and the minimum accepted yield at 4.57%. The company confirmed that these sukuk will be issued tomorrow, Wednesday 4 June 2025. Profit payments on the local sovereign sukuk will be made semi-annually on 4 December and 4 June until their maturity date on 4 June 2032.
Times of Oman
6 days ago
- Business
- Times of Oman
Bank Muscat successfully manages OMR100mn sovereign sukuk issuance
Muscat: Bank Muscat, the leading financial services provider in the Sultanate of Oman, announced that it successfully managed series 9 of the Sovereign Sukuk Issuance launched by the Oman Sovereign Sukuk Company, with a total value of OMR100 million. The sukuk carries a 7-year maturity and offers an annual profit rate of 4.65%. Bank Muscat was appointed as the official issue manager and collecting bank for the subscription, in collaboration with other local financial institutions. This mandate reinforces the bank's leadership in executing major investment transactions within the Sultanate and across GCC capital markets. The Oman Sovereign Sukuk Company had opened the subscription window from 27th May to 1st June 2025, with the sukuk settlement scheduled for Wednesday, 4th June 2025. The sukuk was priced within a competitive yield range, with an average yield of 4.625%, a minimum yield of 4.57%, and a maximum yield of 4.64%, reflecting strong investor confidence and market stability. The sukuk payouts will be made semi-annually on 4th June and 4th December each year until maturity on 4th June 2032. The issuance witnessed participation from all categories of investors, retail as well as institutional. The sukuk is structured in accordance with Sharia-compliant principles and is fully tradable on the Muscat Stock Exchange (MSX) at prevailing market prices. All allocation details and investor records will be maintained and administered by Muscat Clearing and Depository Company, as the central registrar and depository for the sukuk. Commenting on the occasion, Khalifa Abdullah Al Hatmi, Deputy General Manager, Investment Banking and Capital Markets at Bank Muscat, expressed pride in collaborating with the team at Oman Sovereign Sukuk Company and the Ministry of Finance, Sultanate of Oman for this successful issuance. He noted: 'The Bank's appointment as the official issue manager for the sukuk issuance is a testament to the company's trust in Bank Muscat's capabilities and leadership in managing major investment transactions for a range of corporate and institutional clients. The Bank, represented through its Investment Banking and Capital Markets division, has extensive experience in structuring and executing large-scale capital market deals, both on debt as well as equity side, and its specialized team is well-equipped to navigate evolving market dynamics and complexities. Bank Muscat is committed to supporting the growth of local financial markets by offering a comprehensive suite of banking and financial solutions tailored to institutional and retail customers alike.' The selection of Bank Muscat as the issue manager underscores its strong local, regional, and international reputation among individuals, corporates, and financial institutions. Demonstrating its role as a key player in advancing the Sultanate's financial landscape, the Bank continues to build on its market-leading position by delivering innovative financing and advisory solutions. These include corporate and project finance, debt restructuring, public offerings, equity-linked instruments, private placements, and mergers and acquisitions.
Times of Oman
26-05-2025
- Business
- Times of Oman
Oman announces 9th issuance of Local Sovereign Sukuk for public subscription
Muscat: The Oman Sovereign Sukuk Company, acting on behalf of the Government of the Sultanate of Oman through the Ministry of Finance, has announced the launch of the 9th issuance of Local Sovereign Sukuk. The offering is valued at OMR100 million, with a Greenshoe option to increase the issuance size. This Sukuk will have a 7-year maturity period and offers an annual profit rate of 4.65%. The subscription period is scheduled to commence on Tuesday (27 May, 2025), and will conclude on Sunday (1 June, 2025. The Sukuk are expected to be issued on Wednesday 4 June 2025 (the "Issuance Date"). Profit payments will be made semi-annually on 4 December and 4 June until the maturity date of 4 June 2032. This Sukuk issuance is open to all categories of investors, residents and non-residents (irrespective of their nationalities). The Sukuk will be offered through a competitive auction process. Interested investors may submit their bids through the designated collecting banks: Bank Muscat (Meethaq Islamic), Ahli Bank (Ahli Islamic), during the specified subscription period. These Sukuk are structured in compliance with Shari'a principles and will be tradable on the Muscat Stock Exchange at prevailing market prices. Details of the allotted Sukuk will be recorded in the Sukuk register maintained and managed by the Muscat Clearing and Depository Company. The Oman Sovereign Sukuk Company underscores the critical importance of ensuring that the bank account number provided in the subscription application precisely matches the account details registered with the Muscat Clearing and Depository Company. This accuracy is essential to facilitate a seamless subscription process and ensure the timely disbursement of profit payments and principal redemption at maturity.
