Company Announcements

Successful Redemption of Meethaq Sukuk Series 2

Source: RNS
RNS Number : 6248P
BankMuscat (S.A.O.G)
23 May 2024
 

Meethaq Sukuk Company SPC

 

 

 

 

Date: 23 May 2024

 

 

Subject: Successful Full Redemption of Meethaq Sukuk Series 2 amounting to OMR 45.6 million issued under Meethaq Sukuk Al Musharaka Program of OMR 250 million.

 

Meethaq Sukuk Company SPC (the Issuer) is pleased to inform the market that it has repaid OMR 45,596,700 in full and successfully redeemed Series 2 on its contractual maturity date of 22nd May 2024. We would like to express our gratitude for Sukuk Series 2 holders and all investors for their trust in the company.

 

The Issuer is a Special Purpose Company that has been established by Meethaq Islamic Bank - Bank Muscat as per the Sukuk Regulation issued by the Financial Services Authority (FSA) to act as a Trustee on behalf of the Sukuk holders and as an Issuer on behalf of Meethaq Islamic Banking. To date, it has issued Meethaq Sukuk Series 1, Meethaq Sukuk Series 2 and Meethaq Sukuk Series 3 (Private Placement) under Meethaq's Sukuk Al Musharaka Program of OMR 250 million.

 

 

 

FOR/ Meethaq Sukuk Company SPC


 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
 
END
 
 
MSCZZGZKKFMGDZG