Bank
Muscat Successfully Manages Sovereign Sukuk Issuance Worth RO 100 Million

Muscat,
3 Jun (ONA) — Bank Muscat has successfully managed the ninth issuance of
sovereign sukuk announced by the Oman Sovereign Sukuk Company, valued at RO 100
million with a 7-year maturity and an annual profit rate of 4.65%.

The
bank was selected as the official issuance manager and subscription-collecting
bank in partnership with other local financial institutions, reaffirming its
leading role in executing major investment deals in Oman and GCC markets.

The
Oman Sovereign Sukuk Company had opened subscriptions for the sukuk from 27 May
to 1 June 2025, with settlement scheduled for 4 June 2025. The issuance was
priced at competitive yields, averaging 4.625%, with a minimum of 4.57% and a
maximum of 4.64%, reflecting confidence and stability in the local market.

Profits
from the sukuk will be paid semi-annually on 4 June and 4 December until
maturity on 4 June 2032.

The
subscription saw participation from all investor categories, including
individuals and institutions. The sukuk are Sharia-compliant and tradable
(buy/sell) at prevailing market prices through the Muscat Stock Exchange.

Khalifa
Abdullah Al Hatmi, Deputy General Manager of Investment Banking and Capital
Markets at Bank Muscat, stated that the bank’s appointment as issuance manager underscores
the trust placed in its capabilities, particularly given its leadership in
executing major investment deals for various companies. He emphasized the
bank’s extensive expertise in investment management, large-scale capital market
transactions, and strategic handling of institutional and corporate
subscriptions.

—Ends/AG