$126mn fund launched to boost liquidity on Muscat Stock Exchange

$126mn fund launched to boost liquidity on Muscat Stock Exchange

Musat – The Muscat Stock Exchange (MSX) on Thursday witnessed the launch of a new fund dedicated to enhancing market depth and boosting liquidity on the Omani bourse. The Tanmia Liquidity Fund, valued at $126mn, has been launched by Oman National Investment Development Company (Tanmia), a leading investment and fund management company, in partnership with […]Musat – The Muscat Stock Exchange (MSX) on Thursday witnessed the launch of a new fund dedicated to enhancing market depth and boosting liquidity on the Omani bourse.

The Tanmia Liquidity Fund, valued at $126mn, has been launched by Oman National Investment Development Company (Tanmia), a leading investment and fund management company, in partnership with SICO, a Bahrain-based regional investment bank. Tanmia will act as the investment manager for the fund in collaboration with SICO.

The timing of the fund’s launch aligns strategically with the ongoing reforms within the Omani capital market, coinciding with announcements of new initial public offerings (IPOs), regulations pertaining to market making, and intensified marketing endeavors by MSX through roadshows and other promotional activities.

In recent months, the Muscat Stock Exchange has undergone a series of initiatives geared towards bolstering the local capital market, and there has been a notable reform in certain capital