Tilal Development Company Distribute First Coupon for the OMR50 Million Sukuk Ijarah

Muscat May 07, 2014: Following the announcement in 2013 by the Tilal Development Company (TDC) for the issuance of the first corporate Sukuk in the Sultanate, the Company is proud to announce that it has paid the initial semi-annual payment of 5% on 30 April 2014 to the respective Sukuk holders.The OMR 50 million Sukuk (US$130 million), was announced in 2013 and is based on the Ijarah structure,