Monday 28 March 2022

#Oman to Allow Full Foreign Ownership in Listed Companies - Bloomberg

Oman to Allow Full Foreign Ownership in Listed Companies - Bloomberg

Oman’s stock exchange plans to allow full foreign ownership in listed companies in an effort to attract more inflows to its market, following a similar move by the bourse in Qatar.

Muscat Clearing and Depository finalized measures to open up the market, according to a tweet from the Muscat Stock Exchange. The move will make the bourse “more attractive to international investors” and provide them with a more flexible environment for their investments, it said.

Gulf stock markets, primarily in Saudi Arabia and the United Arab Emirates, have seen a rush of initial public offering from family-owned businesses and state-run companies. Oman’s bourse plans to list 35 state-run companies in the next five years, Chief Executive Officer Haitham Al-Salmi told CNBC Arabia earlier this month.
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