02.04.2013 - Two firms get initial nod for floating sukuk
Oman's market watchdog Capital Market Authority (CMA) has granted "in principal" approvals to two companies for issuing Islamic debt instrument or sukuk. Tilal Development Company (TDC) earlier said that it is planning to float a OMR50 million-sukuk issue, which is seen by this year. Al Madina Financial and Investment Services is the lead arrangers of sukuk issue for TDC, which will use the proceeds of the issue for funding the expansion of its complex at Bausher...............................................Full Article: Source
Print