Oman’s Meethaq Sukuk Company SPC has repaid its OMR 45.6 million ($118 million) Meethaq Sukuk Series 2, which matured on Tuesday.

The issuer is a special purpose company (SPC) of Meethaq Islamic Bank, which has so far issued Series 1 and Series 2, as well as the private placement Series 3 under the OMR 250 million Sukuk Al Musharaka programme.

(Writing by Imogen Lillywhite; editing by Brinda Darasha)