Thursday, 26 November 2009 | 23:05 UAE time
FINANCIAL MARKETS
Muscat Securities Market
- 6,357.23 Last
- -28.72 (-0.45%) Today's Change
- 11.60m Volume
- 4,223.63-6,762.94 52 Week Range
- +93.37 (+1.49%) 52 Week Change
COMPANY DESCRIPTION
Established by Royal Decree (53/88) on 21 June 1988 to regulate and control the Omani securities market and to participate, effectively, with other organizations for setting up the infrastructure of the Sultanate's financial sector.After ten years of continuous growth there was a need for a better functioning of the Market. The MSM has been restructured by two Royal Decrees (80/98) and (82/98).
The Royal Decree (80/98) dated 9 November 1998 which promulgated the new Capital Market Law provides for the establishment of two separate entities, an exchange, Muscat Securities Market (MSM) where all listed securities shall be traded and the Capital Market Authority(CMA) - the regulatory.
The Exchange is a governmental entity, financially and administratively independent from the regulatory but subject to its supervision. Thus the securities industry in Oman was well established to enhance investors' confidence by developing and improving all the processes appertaining to the stock market.
KEY INFORMATION
Industry
Securities Market
Address
MSM Building, Al Jaame Street, 3265, Muscat, Oman
T
968 24823600
F
968 24815776
E
W
COMPANY OVERVIEW
| Ownership | Type | Established on | Employees |
|---|---|---|---|
| Government | Limited liability | 21 June 1988 | - |
OFFICERS
| BOARD OF DIRECTORS | Position |
|---|---|
| Abdullah Bin Salem Bin Abdullah Al Salmi | Chairman |
| Malek Bin Abdullah Al Mahrooqi | Board Member |
| Ahmad Saleh Al Marhoon | Board Member |
| Salam Saeed Al Shaqsi | Board Member |
| Ali Saeed Ali Al Bahrani | Board Member |
| Mustafa Ahmad Salman | Board Member |
| Saleh Mohammed Al Shanfari | Board Member |
| MANAGEMENT | Position |
| Ahmad Saleh Al Marhoon | Director General |
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