Energy Oman Opens Category I Subscriptions for Sukuk Series 2

Energy Oman (Energy Development Oman SAOC) has opened Category I subscriptions for its OMR Sukuk (Series 2). Non-individual investors can apply until 12 November via a competitive bidding process using physical application forms and yield table to be submitted to any of the Collecting Banks. Applicants require an investor account with MCD.

The Sukuk carries a fixed profit rate of 5% per annum, payable quarterly, over a tenor of 5 years. The initial issue size is OMR 50 million, with a greenshoe option of an additional OMR 25 million.

The Sukuk is structured using the Islamic principles of leasing (Ijarah) and agency (Wakala), and the structure has been approved by the Shari’a Supervisory Board of Muzn Islamic Banking, National Bank of Oman SAOG.

Sultan Al Mamari, CFO of Energy Oman, said: “Energy Oman’s Sukuk provides an attractive, low-risk investment option for institutional investors, given our strong and stable credit profile. We encourage applicants to review the terms and application procedures carefully.”

Following the close of Category I subscriptions, the Cut-off Yield and fixed price for Category II applicants will be announced on or around 16 November. The subscription period for Category II investors will run from 18 to 30 November 2026.

Bank Nizwa and National Bank of Oman are acting as Joint Issue Managers. Oman Investment Bank has been appointed as Liquidity Provider to conduct market-making activities. The Collecting Banks are Ahli Bank, Ahli Islamic Bank, Bank Dhofar, Dhofar Islamic, Bank Nizwa, National Bank of Oman, Muzn Islamic Banking, Oman Arab Bank, Sohar International and Sohar Islamic.

Following allocation and settlement, the Sukuk is scheduled to list on the Muscat Stock Exchange on or around 10 December 2026. For further information, investors can contact the Issue Managers or Energy Oman’s Treasury and Investor Relations team at ir@edoman.om.

Capital is not guaranteed.  Investors should read the Prospectus, including the risk factors, before subscribing.