Muscat: As the most trusted Islamic bank in the Sultanate of Oman, and in recognition of its outstanding efforts in contributing to economic development, Bank Nizwa successfully managed the joint issuance of the eleventh series of local sovereign sukuk issued by the Government of the Sultanate of Oman, represented by the Ministry of Finance. Bank Nizwa's undertaking of this leading role reflects its expertise and pioneering role in the Islamic finance sector, as well as its ongoing commitment to providing innovative financial solutions compliant with the principles of Islamic finance.

The Government of the Sultanate of Oman, represented by the Ministry of Finance, announced the successful issuance of Sukuk on June 11, 2026, with a total value of OMR 120 million. The Sukuk were initially offered on June 4 of the same year, with an initial offering of OMR 100 million and an option to increase the offering by up to OMR 20 million. The Sukuk carry an annual profit rate of 4.2% and have a maturity of five years. Total demand reached approximately OMR 250 million, resulting in an oversubscription that exceeded the offering size. The Sukuk certificates were issued under an Ijara (lease) structure, with profits distributed semi-annually. The Sukuk were also listed on the Muscat Securities Market, enhancing market accessibility .

Commenting on the successful issuance, Mr. Tariq Ateeq, CEO of Bank Nizwa, said: “ We congratulate the Ministry of Finance on the successful issuance of the eleventh series of local sovereign sukuk and appreciate their continued confidence in Bank Nizwa. The successful completion of this issuance reflects Bank Nizwa’s proven capabilities in executing Sharia-compliant financial transactions and its active role in supporting the Sultanate’s strategic financing needs. The bank continues to lead the Islamic banking sector by providing innovative solutions that meet the needs of various customer segments, in addition to contributing to strengthening the Islamic finance ecosystem in Oman. This issuance represents an important step towards consolidating our position as a leading provider of Islamic investment banking solutions and supporting efforts to enhance economic growth and diversification in the Sultanate.”

He added : “ The continued success of such issuances contributes to strengthening financial stability, expanding the investor base, and increasing the efficiency of public debt management, in line with the Sultanate’s long-term economic development goals .”

Bank Nizwa’s leading role as joint lead manager, alongside its responsibility as a collecting bank, not only demonstrates its commitment to providing innovative Islamic finance solutions but also reflects its dedication to facilitating strategic financial transactions that support the sustainable growth and prosperity of the nation . These pioneering achievements also showcase the bank’s expertise and efficiency in managing complex financial transactions, further solidifying its position as a trusted and leading partner in the Islamic finance market .

-I finish-

#Company Data

Disclaimer regarding the content of press releases
The content of this press release is provided by a third-party provider. We do not assume any responsibility for, nor do we have any control over, such content. This content is provided on an "as is" and "as available" basis and is not edited in any way. Neither we, nor our affiliates, will be liable for the accuracy, endorsement, or completeness of any opinions, views, information, or materials contained in this content.
This press release is provided for informational purposes only; the content does not constitute legal, investment, or tax advice, nor does it offer any opinion on the suitability, value, or profitability of any particular portfolio or investment strategy. Neither we nor our affiliates will be liable for any errors or inaccuracies in the content, or for any actions you take based on that content. You expressly agree and acknowledge full responsibility for your use of the information contained in this press release.
To the extent permitted by applicable law, Refinitiv, its parent company, subsidiaries, affiliates, relevant shareholders, directors, officers, employees, agents, advertisers, content providers, and licensors (collectively, the 'Refinitiv Parties') shall not be liable (jointly or severally) to you for any direct, indirect, consequential, special, incidental, punitive, or exemplary damages; This includes, but is not limited to, losses of profits, savings, or revenues, whether due to negligence, tort, contract, or other theories of liability, even if the parties to Refinitiv were advised of the possibility of any such damages or losses occurring or actually anticipated them.