𝐄𝐧𝐞𝐫𝐠𝐲 𝐎𝐦𝐚𝐧 𝐋𝐚𝐮𝐧𝐜𝐡𝐞𝐬 𝐑𝐎𝟓𝟎 𝐌𝐢𝐥𝐥𝐢𝐨𝐧 𝐒𝐮𝐤𝐮𝐤 𝐎𝐟𝐟𝐞𝐫𝐢𝐧𝐠 𝐰𝐢𝐭𝐡 𝟓% 𝐀𝐧𝐧𝐮𝐚𝐥 𝐏𝐫𝐨𝐟𝐢𝐭

Oman’s Islamic capital market is set for another significant development as Energy Oman (Energy Development Oman SAOC) announces a RO50 million Sharia-compliant Sukuk (Series 2), offering investors a fixed annual profit rate of 5% over five years. The issuance includes an option to raise an additional RO25 million through a greenshoe option, with profit payments distributed quarterly. Each certificate has a nominal value of RO1. The subscription will take place in two categories: Category I investors can subscribe from 4–12 November 2026 through competitive bidding, while Category II subscriptions will run from 18–30 November 2026, with the fixed price and cut-off yield expected to be announced around 16 November. The sukuk is structured under the Islamic financing principles of Ijarah and Wakala, with cash flows supported by Energy Oman’s assets in the Sultanate. It is scheduled to be listed on the Muscat Stock Exchange around 10 December 2026. This issuance offers another opportunity to deepen Oman’s domestic capital market and broaden participation in the country’s energy sector.