Mubasher: Meethaq Islamic Banking Company, a subsidiary of Bank Muscat, has obtained the approval of the Omani Capital Market Authority (CMA) to raise the volume of its Sukuk issuance to OMR 44.61 million.

According to the bank’s statement to the Muscat Securities Market (MSM), Meethaq also received the CMA’s approval to allocate and offer the sukuk’s issuance.

The company also said that it will receive 100% of the successful subscriptions.