REG - BankMuscat (S.A.O.G) - Meethaq receives regulatory approvals for Sukuk <Origin Href="QuoteRef">BMAO.OM</Origin>

Bank Muscat SAOGAnnouncement

16/05/2017 07:00

RNS Number : 2325F
BankMuscat (S.A.O.G)
16 May 2017
Meethaq receives all regulatory approvals to establish Sukuk Programme
We refer to our disclosure on March 1, 2017 and confirm that all regulatory approvals are now in place for the Meethaq Sukuk Programme. The debut issuance under the Program i.e. Series 1 will commence on 21 May 2017 and close on 1 June 2017. The Series 1 will be for OMR 25 million with a green shoe option of a further OMR 25 million, in case of oversubscription. It will have a tenor of 5 years and will be issued through a public offer which will be open to all Omani and Non-Omani individuals as well as institutional investors. 

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