Muscat Clearing and Depository Company (MCD) provides the 'Sukuk and Bondholders’ Agent service' with the aim of representing debt instrument holders (sukuk and bonds) before the issuer, protecting their rights, and promoting their interests throughout the issuance period until its conclusion. MCD acts as a neutral entity supervising the issuer’s compliance with the terms and conditions of the issuance. It also oversees the coordination and management of the relationship between sukuk and bondholders, the issuer, and related parties, particularly when collective decisions are required or when addressing material changes, thereby enhancing transparency and trust in the market.
Required Documents to Complete the Service Agreement:
Issuance Prospectus.
Approval letter from the Financial Services Authority for the issuance prospectus.
