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FINANCIAL NEWS
Omani Golden Group aims OMR200mn Sukuk program
13 Mar 2017
(MENAFN) Omani Golden Group aims to tap the market with OMR200mn Sukuk, or Islamic bond program, according to a top level official at the Capital Market Authority.
Moreover, the group, which has interests in many sectors, involving construction, real estate, hotels, furniture, travel and tourism has submitted the issue prospects with the market regulator.
The Sharia-compliant capital market product value reached OMR3.91bn by the end of 2016, which shows 22.64 percent of the whole capital market value issued in Oman.
Additionally, whole assets of Islamic banks grew by 36.65 percent to OMR3bn by the end of Dec 2016, from OMR2bn for the same period of 2015.
MENAFN1303201700450000ID1095309748
MENAFN1303201700450000ID1095309748
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