The article reports the move by energy conglomerate Mohammed al Barwani (MB) to issue a 76 million dollar sukuk dual tranche Islamic bond in Oman. The deal was cleared and settled by clearing house Muscat Clearing and Depository Co. and was listed at the Muscat Securities Market's Bonds and Sukuk Market. Also cited is a comment from bank Standard Chartered senior legal counsel Paul Phelps on the bond.
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