Sohar International has acted as the financial advisor to the popular on-demand delivery service major, Akeed, to raise its equity capital by $2.5 million from investors.
Sohar International has acted as the financial advisor to the popular on-demand delivery service major, Akeed, to raise its equity capital by $2.5 million from investors.
Sohar Islamic completes issuance of Takaful Oman s perpetual sukuk
By: Times News Service
Muscat: Reiterating its strong market position and investor confidence, Sohar Islamic – Sohar International’s Islamic Window, has completed the issuance of OMR6 million Perpetual Sukuk Al Mudaraba Trust Certificate, by Takaful Oman Insurance - a leading Takaful company in Oman.
The Perpetual Sukuk has an initial yearly profit rate of 8.5 per cent, payable semiannually through Takaful Sukuk Specialised Purpose Company (SPC) established by Takaful Oman for this specific programme.
As the issue managers and financial adviser, Sohar Islamic played a pivotal role in ensuring the successful issuance and completion of the entire activity. The placement of the issue was done through a private placement to select investors whilst receiving strong interest from institutions, fund managers, and wealth management clients of the bank.
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