Oman begins implementation of modern security laws and structure to protect investors

Starting today, the Capital Market Authority is to be separated from the Muscat Stock Market.

This separation comes within the framework of implementing the Capital Market Law and establishing the Capital Market Authority, which aims at regulating the Muscat Stock Market, guaranteeing the rights of investors and providing for a supervisory role of the market's works.

Meanwhile Omani Minister of Trade and Industry Makbool bin Ali Sultan, is to head the meeting of the general assembly of the Muscat Stock Market in which they'll elect four members to the market's board of directors.

The public organization will assume the regulation and supervising the issuing of securities and authorize the issue and supervision of all companies working in the field of securities.