Muscat: The Oman Sovereign Sukuk Company, representing the Government of the Sultanate of Oman through the Ministry of Finance, has officially announced the release of the 10th issuance of Local Sovereign Sukuk.

According to Oman News Agency, the offering is valued at RO 150 million and includes a Greenshoe option that allows for an increase in the issuance size by up to RO 50 million. This Sukuk, which has a maturity period of seven years, offers an annual profit rate of 4.15%.

The subscription period commences today and will close on Monday, 22 December 2025. The Sukuk are scheduled to be issued on Thursday, 25 December 2025, with profit payments distributed semi-annually on 25 June and 25 December until the maturity date of 25 December 2032.

The offering is accessible to all individual and institutional investors, both from Oman and internationally. The issuance will be conducted through a competitive subscription method. Investors must submit their bids during the subscription period through participating banks, including Bank Muscat and its Islamic window (Meethaq), Ahli Bank and its Islamic window (Ahli Islamic), Bank Dhofar and its Islamic window (Dhofar Islamic), Oman National Bank and its Islamic window (Muzn Islamic), Oman Arab Bank, Bank Nizwa, and Sohar International Bank.

The subscription prospectus and application forms are available on the Ministry of Finance's website and the websites of the collecting banks. Prospective subscribers are required to acquire an investor number from the Muscat Clearing and Depository Company (MCDC) website or the 'Oman Stocks' mobile application at least one business day before submitting their application at a collecting bank.

The Sukuk are Sharia-compliant and will be listed for secondary market trading on the Muscat Stock Exchange (MSX) at current market prices. Ownership records and details for all Sukuk will be maintained in the official Sukuk register managed by MCDC.

The Oman Sovereign Sukuk Company emphasizes the importance for investors to ensure that the bank account number provided in the subscription application aligns with the account registered with MCDC. This alignment is crucial for the efficient processing of subscriptions and the timely disbursement of profit payments and principal upon maturity.