Times of Oman | News :: Three Omani firms plan sukuk issue:
"At least three Omani companies are planning to float sukuk issues this year for raising funds for their expansion programmes. These companies are engaged in construction, property development, telecommunication and logistics services near port, Dr Mohd Daud Bakar, a prominent global Sharia scholar and chairman of Amanie Advisors, told Times of Oman on the sidelines of a seminar on sukuk. However, he declined to name the companies that are eying sukuk funds for their expansion programmes.
"Every one is looking at more than OMR100 million worth of sukuk issue. The second sukuk issue will be for more than OMR100 million," he added. Tilal Development started the first sukuk issue in Oman by raising OMR50 million."
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