Golden Group

CMA approves Golden Group's RO200mn #sukuk issuance

Oman's Capital Market Authority (CMA) has recently approved a plan by Golden Group to issue sukuk worth OMR200 million. The sukuk will be issued in different tranches and the first issuance will be for OMR50 million by way of a private placement. The first issuance is with a tenor of five years, it matures in 2022, and has a profit rate of 6.5%.

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