Golden Group launches issuance of Series 2 of Sukuk Al Ijara

Golden Group launches issuance of Series 2 of Sukuk Al Ijara

Golden Group Holding successfully set up the OMR200 million sukuk programme in 2018. Maisarah Islamic Banking Services acted as the sole Lead and Issue Manager on the sukuk programme.

This is the largest Sharia-compliant sukuk programme in Oman established by a corporate entity. The first tranche of the Sukuk Al Wakalah with a size of OMR50 million was raised in 2018 by way of a private placement and has now matured on 5 February 2023 and was successfully repaid to the investors.

Contributing towards the growth of Oman’s Islamic capital market, Maisarah, the Islamic Banking Services window of BankDhofar is advising the issuance of series 2 of 'Sukuk Al Ijara' for Golden Group Holdings Company, after the successful close of the first tranche of the sukuk Al Wakalahby the group.

Defying the odds of the market conditions due to the unforeseeable COVID-19, Golden Group successfully redeemed the Series 1 Sukuk. Their timely repayment of the Sukuk al Wakalah showcases the company’s promise to meet its obligations and safeguard the interests of its investors.

Sheikh Salim Al Ghazali, Founder and Chairman, expressed his gratitude to the investors who participated in Series I supporting the success of the company through the challenging times.

Currently, Golden Group is