Government announces Omani Rial Sovereign Sukuk Program

The Government of the Sultanate of Oman acting through the Ministry of Finance (the "Government") has mandated Bank Muscat (including its Shariah compliant window, Meethaq Islamic Banking), Bank Nizwa and Alizz Islamic Bank as Issue Managers to establish an Omani Rial Sovereign Sukuk Program and the launch of the first Sukuk issuance under the Program. A 5-year and 7-year dual-tranche benchmark Sukuk is being offered to investors through a book-building process and will be open for subscription from Monday, 25 November 2019 to Sunday, 8 December 2019 with a minimum investment amount of OMR 100,000 for each investor.