BRIEF-Oman’s Securities Market becomes a company under SGRF

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Oct. 22nd, 2017

Muscat (WAF)- The Board of Directors of the Capital Markets Authority (CMA) approved on Saturday the transformation of the Muscat Securities Market (MSM) to a government company owned by the State General Reserve Fund, a statement by CMA said.

The move comes “in preparation for the launch of the MSM Initial Public Offering (IPO) in the future,” the CMA said on Saturday evening without giving details on the reasons or the timeframe.