Times of Oman | News :: Oman to float OMR200m sukuk issue by early next year:
"Oman government has assigned a specialised institution to structure the country's first sovereign Islamic bond or sukuk issue, which may be floated by early next year, the country's central bank chief told Times of Oman. The Sultanate plans to raise OMR200 million by way of a sukuk issue.
"The government is studying issuing sukuk and have also invited some specialised institutions who are knowledgeable in structuring sukuk issues," Hamoud Sangour Al Zadjali, executive president of the Central Bank of Oman (CBO) said, on the sidelines of 'Technology Evolution and Banking Conference' organised by Bank Muscat here on Tuesday.
He said the issue may be floated by early next year, if not by the end of the current year.
"It (the issue proceeds) will be used for funding some of the projects," added the CBO chief."
'via Blog this'
No comments:
Post a Comment