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FINANCIAL NEWS
Oman-Meethaq raises Sukuk proposal to OMR44.6mn
15 Jun 2017
(MENAFN) Meethaq, the leading of Islamic banking in Oman, has delivered the Capital Market Authority’s approval to enhance the original offer size of the Meethaq Sukuk series 1 from OMR25mn to OMR44.6mn.
Moreover, the first series of Meethaq suggested an overwhelming response from individuals, investors and institutions.
Meanwhile, all successful applicants will get 100 percent allocation of their Sukuk in their investor accounts with the Muscat Capital and Depository Co.
In addition, the bank received the final approval from CMA in May in order to launch the first OMR100mn Sukuk program.
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