Saturday 30 / May / 2026
Muscat: The value of new listings in bonds and sukuk market at the Muscat Stock Exchange (MSX) during the current year amounted to OMR589.2 million, including 4 issues of government development bonds (GDBs) with a value of OMR312.3 million, and one issue of sovereign sukuk with a value of OMR200 million, in addition to a number of other issues for banks and companies.
The new releases will provide more options for investors in the Muscat Stock Exchange, both companies and individuals, who wish to obtain regular periodic distributions with less risk compared to stocks and some other investment assets.
The bond sector witnessed the listing of issues 80, 81, 82 and 83 of government development bonds during the current year, with a value of OMR312.3 million and an annual interest rate ranging between 4.05 and 4.30 percent.
During the current year, the Muscat Stock Exchange also listed bonds for a number of banks and companies, including: Bank Sohar International mandatory convertible bonds worth OMR25.9 million with an annual interest rate of 5.25 percent, Ahli Bank free bonds that are mandatory convertible into shares after two years from the date of issuance worth OMR15.9 million with an annual interest rate of 6 percent, and Dhofar International Development and Investment Company’s perpetual free secondary unsecured bonds worth OMR30 million with an annual interest rate of 4 percent.
In the sukuk sector, the tenth issue of sovereign sukuk was listed with a size of OMR200 million and an annual profit rate of 4.15 percent, and the first issue of Dhofar Islamic sukuk with a size of OMR5 million and a profit rate of 5 percent.
The total number of bond and sukuk issues listed on the Muscat Stock Exchange is 68, including 50 issues in the bond sector, most notably the 22 issues of government development bonds, 12 issues of commercial bank bonds, in addition to 10 issues for finance and leasing companies, two issues for Ominvest, and one issue each for Dhofar International Development and Investment, National Mineral Water, Ocean Glider Company, and Liva Company.
In the sukuk sector, the total number of listed sukuk issuances is 18, including 7 sovereign sukuk issuances, 6 sukuk issuances issued by banks and Islamic windows, in addition to a number of sukuk issued by takaful insurance companies, investment companies, real estate development companies, and others.
The market value of the bonds and sukuk market recorded gains of OMR375 million during the current year, rising to about OMR5.3 billion by the end of the week’s trading, representing 14.2 percent of the total market value of the Muscat Stock Exchange, which amounts to OMR37.1 billion.
Bank Muscat’s Tier 1 perpetual bonds lead the listed issues in terms of market value at OMR340.4 million, followed by the eighth issue of sovereign sukuk in second place with a market value of OMR293.6 million, the 67th issue of government development bonds in third place with OMR283.1 million, the 65th issue of government development bonds in fourth place with OMR207.7 million, and the third issue of sovereign sukuk in fifth place with a market value of OMR202.4 million.
Bonds and sukuk are one of the investment options that governments resort to in order to provide liquidity for development and capital projects and to finance budget deficits. They are also an important tool for banks and companies to provide the liquidity they need for their various projects and to strengthen their ability to face risks and strengthen their financial positions.
