Bank
Muscat Successfully Manages RO 200 Million Sovereign Sukuk Issuance

Muscat,
31 Dec 2025 (ONA) — Bank Muscat announced that it successfully managed series
10 of the Sovereign Sukuk Issuance launched by Oman Sovereign Sukuk Company,
with a total value of RO 200 million. The sukuk carries a 7-year maturity and
offers an annual profit rate of 4.15%.

Bank
Muscat was appointed as the issue manager and collecting bank for the
subscription by Ministry of Finance, in collaboration with other local
financial institutions. This mandate reinforces the bank’s role in executing
major investment transactions within the Sultanate of Oman and across GCC
capital markets.

The subscription window for the sukuk issuance opened from 17 December to 22
December 2025, with the sukuk settlement scheduled for Thursday, 25 December
2025.

The
sukuk was priced within a competitive yield range, with an average yield of
4.11%, a minimum yield of 4.07%, and a maximum yield of 4.15%, reflecting
strong investor confidence and market stability. The sukuk payouts will be made
semi-annually on 25 June and 25 December each year until maturity on 25
December 2032.

The
issuance witnessed participation from different 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 noted: “The Bank’s
appointment as the issue manager for the sukuk issuance is a testament to the trust
of concerned authorities 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.”

He added that 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 of Oman’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.

—Ends/AG