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FINANCIAL NEWS
Oman’s Tilal sells USD130 m sukuk
07 Nov 2013
(MENAFN) Tilal Development Co, Omani real estate developer, has sold an Islamic bond worth USD130 million, according to Gulf Daily News.
Tilal’s sukuk, which is the first Islamic bond in the country, is a five-year bond with five percent profit rate.
The company placed 95 percent of the bond with local investors, including firms and banks.
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