Oman sets late reporting fines

by Reuters Sunday, 05 August 2007

Oman's stock market regulator said on Sunday it set fines of up to 1,500 rials ($3,897) for late reporting of results by listed companies as part of an effort to improve compliance and transparency.

Related Stories

Mahmoud al-Rawahi, a director of the Capital Market Authority, told company officials that new rules would come into effect in October that would also cover failure to publish results in two newspapers or issue promptly a prospectus for initial public offerings.
The regulator last month banned board members and top management from trading in shares of their own companies during periods when they hold material information undisclosed to the public.

Board members and senior management of listed companies are also required to
provide a list of their close relatives to the regulator.



Search Property (3043 listed)



Enter a Development, City, Real Estate Agent or Developer name
Property Type
Added to Site
Price Range
to
Bedrooms
Area (in sqft)
to
to

Quick Links(Residental)