Al Barawani Holding Offers US$ 150 Million Sukuk

The Executive President of the  Capital Market Authority has issued an administrative decision approving the prospectus for the issuance of Sukuk of Mohammed Al Barwani Holding  at US$ 150 million  (equivalent to  approximately RO 58 million)  by way of  private placement.

Al Barwani Holding seeks  to benefit from the advantages of capital market  to finance their investment projects by Sharia compliant investment instrument.

The issue is the first after the approval of the Sukuk Regulation which was issued erlier this year to regulate the Sukuk market and to provide protection for the stakeholders.

Such moves would  contribute to expanding  investment activities of the company and add value to the national economy.

CMA has previously approved  prospectuses for sovereign the corporate Sukuk exceeding RO 300 million.