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Jabal Omar completes redemption of $135mln sukuk

Jabal Omar Development Company has fully redeemed its Sukuk at an aggregated value of $135 million, according to a bourse disclosure.

The listed firm pointed out that the value of the redeemed Sukuk reached $67.50 million, adding that the percentage of the transaction hit 50%.

Issued on 15 November 2018, a total of 337.50 Sukuk notes were redeemed at a par value of $200,000 each.

Link: https://www.zawya.com/en/islamic-economy/islamic-finance/jabal-omar-completes-redemption-of-135mln-sukuk-gpwu1tf1

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