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Meethaq Sukuk Company (SPC) has repaid 44.6 million Omani rials ($116 million) and fully redeemed Sukuk Series 1 on its contractual maturity date of 13, June 2022, according to a statement on the Muscat Securities Exchange website on Tuesday.
The issuer is a special purpose company set up by Meethaq Islamic Bank - Bank Muscat. To date, it has issued Meethaq Sukuk Series 1 and Meethaq Sukuk Series 2 under Meethaq's Sukuk Al Musharaka Program.
(Writing by Brinda Darasha; editing by Seban Scaria)
