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FINANCIAL NEWS
Oman approves first corporate sukuk
27 Jun 2013
(MENAFN) The Omani regulator has approve a five-year USD130 million sukukprivate placement, aimed to close next month, Reuters reported.
The sultanate’s first corporate sukukwill be issued by Tilal Development Co, 40 percent owned by Qatar Investment Authority (QIA), and the proceeds will be used to repay existing debt and expand the Muscat Grand Mall.
The sukukwill pay a 5 percent profit rate and use an ijara structure, a common sharia- compliant leasing arrangement.
The government has been laying plans to issue a sovereign sukuk, but that issue is expected to occur next year, official say.
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BBK discloses its financial results for the year ended 31st December 2025
05 Feb 2026
BBK announces December Al Hayrat Grand Prize winners and another wave of Grand prizes for February
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