Oman Observer
Muscat: A ceremony was held on Sunday to mark the launch of Muscat Stock Exchange (MSX), a closed joint stock company reporting to Oman Investment Authority (OIA) as stated in Royal Decree No 5/2021 promulgating the bourse.
The ceremony was held under the auspices of Abdullah Salim al Salmi, CEO of the Capital Market Authority (CMA).
The establishment of the MSX constitutes a quantum leap in the Sultanate’s securities market, ushers in a new stage in the money market and opens inroads for the national economy.
In a statement to Oman News Agency (ONA), Al Salmi said that he looks forward to seeing MSX undertaking its deserved role in financing economic development projects in the Sultanate. He expressed the hope that Oman Investment Authority, which owns government firms, will float some companies for public subscription and list them on MSX to provide liquidity and products meeting the expectations of investors from the Sultanate and abroad.