Monday, 01 December 2008 | 20:57 UAE time
FINANCIAL MARKETS
Muscat Securities Market
- 6,231.14 Last
- -32.72 (-0.52%) Today's Change
- 5.11m Volume
- 5,846.19-12,109.10 52 Week Range
- -2,172.07 (-25.85%) 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
Muscat Securities Market Building, 3265, Muscat, Oman
T
968 24823600
F
968 24815776
E
W
COMPANY OVERVIEW
| Ownership | Type | Established on | Employees |
|---|---|---|---|
| Government | Limited liability | 21 Jun 1988 | - |
OFFICERS
| BOARD OF DIRECTORS | Position |
|---|---|
| Abdullah Bin Salem Bin Abdullah Al Salmy | Chairman |
| Malek Bin Abdullah Al Mahrooqi | Director |
| Ahmad Saleh Al Marhoon | Director |
| Salam Saeed Al Shaqsi | Director |
| Ali Saeed Ali Al Bahrani | Director |
| Mustafa Ahmad Salman | Director |
| Saleh Mohammed Al Shanfari | Director |
| MANAGEMENT | Position |
| Ahmad Bin Saleh Al Marhoon | Director General |
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