His Majesty the Sultan has issued a royal decree regarding the transfer of the Muscat Securities Market to a closed Omani joint stock company.

A statement issued online by Oman TV said, ”His Majesty the Sultan issues Royal Decree No. 5/2021 regarding the transfer of the Muscat Securities Market to a closed Omani joint stock company in the name of the Muscat Stock Exchange Company SAOC.”

"Its ownership reverts to the Omani Investment Authority, and the decree stipulates that all allocations, assets, rights, obligations, and records of the Muscat Securities Market shall devolve to the Muscat Stock Exchange Company, and the employees of the Muscat Securities Market shall be transferred to the company in accordance with the provisions of the privatization Law," ONA said.

SOURCE: TIMESOFOMAN