Tilal Development Company, an Oman-based real estate firm, has reportedly approached the Sultanate’s Capital Market Authority (CMA) to raise funds by issuing the country’s first Sukuk.
“The company officials have unofficially approached us. We have no problem in granting them an approval to raise money by way of a Sukuk issue, once they are ready with the plan. They are yet to submit a formal application for the issue, CMA executive president Abdullah bin Salem Al Salmi said………………………………………..Full Article: Source