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Business News

Photo Credit : ONA

Oman’s Nama Electricity Distribution Company issues US$750 million sukuk

Nama Electricity Distribution Company has successfully issued a sukuk valued at US$750 million (RO 288.75 million) for a term of seven years, with a profit rate of 5.250 percent.

TAS News Service

info@thearabianstories.com

Thursday, October 3, 2024

MUSCAT : The issuance was met with an enthusiastic response from investors, attracting subscriptions that were three times the offered amount, underscoring investors’ confidence in Oman’s electricity sector.


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