Bank Muscat, the leading financial services provider in the Sultanate of Oman, announced that it successfully managed series 10 of the Sovereign Sukuk Issuance launched by the Oman Sovereign Sukuk Company, with a total value of OMR 200 million. The sukuk carries a 7-year maturity and offers an annual profit rate of 4.15%. Bank Muscat was appointed as the issue manager and collecting bank for the subscription by Ministry of Finance, in collaboration with other local financial institutions. This mandate reinforces the bank’s leadership in executing major investment transactions within the Sultanate and across GCC capital markets.
The subscription window for the sukuk issuance opened from 17th December to 22nd December 2025, with the sukuk settlement scheduled for Thursday, 25th December 2025. The sukuk was priced within a competitive yield range, with an average yield of 4.11%, a minimum yield of 4.07%, and a maximum yield of 4.15%, reflecting strong investor confidence and market stability. The sukuk payouts will be made semi-annually on 25th June and 25th December each year until maturity on 25th December 2032. The issuance witnessed participation from different categories of investors, retail as well as institutional. The sukuk is structured in accordance with Sharia-compliant principles and is fully tradable on the Muscat Stock Exchange (MSX) at prevailing market prices. All allocation details and investor records will be maintained and administered by Muscat Clearing and Depository Company, as the central registrar and depository for the sukuk.
Commenting on the occasion, Khalifa bin Abdullah Al Hatmi, Deputy General Manager, Investment Banking and Capital Markets at Bank Muscat, expressed pride in collaborating with the team at Oman Sovereign Sukuk Company and the Ministry of Finance, Sultanate of Oman for this successful issuance. He noted: “The Bank’s appointment as the issue manager for the sukuk issuance is a testament to Ministry of Finance’s trust in Bank Muscat’s capabilities and leadership in managing major investment transactions for a range of corporate and institutional clients. The Bank, represented through its Investment Banking and Capital Markets division, has extensive experience in structuring and executing large-scale capital market deals, both on debt as well as equity side, and its specialized team is well-equipped to navigate evolving market dynamics and complexities. Bank Muscat is committed to supporting the growth of local financial markets by offering a comprehensive suite of banking and financial solutions tailored to institutional and retail customers alike.”
The selection of Bank Muscat as the issue manager underscores its strong local, regional, and international reputation among individuals, corporates, and financial institutions. Demonstrating its role as a key player in advancing the Sultanate’s financial landscape, the Bank continues to build on its market-leading position by delivering innovative financing and advisory solutions. These include corporate and project finance, debt restructuring, public offerings, equity-linked instruments, private placements, and mergers and acquisitions.
In recognition of its outstanding track record and leadership in Oman’s financial and banking sector, Bank Muscat has received numerous prestigious local and international awards. These include the “Deal of the Year” Award for its instrumental role in successfully managing the inaugural USS RegS/144A Sukuk Issuance of the Oman Telecommunication Company (Omantel) from the prestigious Islamic Finance News, Best Investment Bank from MEED, and the prestigious Euromoney awards: Best Investment Bank and Best Bank for Alternative Investment Solutions, to name just a few.
