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Takaful Oman to offer OMR25mn perpetual Sukuk issue
By: Times News Service
Muscat: The Capital Market Authority has approved the main prospectus of Mudharabah Sukuk of Takaful Oman Insurance for the offer of perpetual Sukuk worth OMR25 million.
The Oman-based Sharia-compliant insurance provider Takaful Oman, has announced in the prospectus the first issuance of OMR6 million in a private placement at an issue price of OMR1.020 for each Sukuk unit made up of OMR1 nominal value in addition to 20 baisa for the issue costs.
The minimum limit of subscription in the first issuance is 100,000 Sukuk to commence on January 17.