Several Omani private firms are keen to raise funds by way of sukuk or Islamic bond issues, after Mohammed Al Barwani Holding LLC receiving approval from the market watchdog Capital Market Authority (CMA) for a OMR58mn-issue. So far, Oman market witnessed only two sukuk issues that raised a total of OMR300mn — OMR50mn from real estate development firm Tilal Development Company and the other one a OMR250mn sovereign sukuk issue. (Times of Oman)
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