MSM is now Muscat Stock Exchange (MSX)

MSM is now Muscat Stock Exchange (MSX)

Published 10 Apr,2021 via Muscat Daily - Oman's stock market, the Muscat Securities Market (MSM), will now be known as the Muscat Stock Exchange (MSX) as the Omani bourse has completed its transformation and converted into a closed joint stock company under the umbrella of the Oman Investment Authority (OIA).

In accordance with the Royal Decree No 5/2021 issued by His Majesty Sultan Haitham bin Tarik on January 5, 2021, an Omani closed joint stock company has been established under the name of Muscat Stock Exchange SAOC, to takeover and undertake all activities and functions of the Muscat Securities Market.

From April 10 (Saturday), all assets, liabilities, activities, rights and functions of the MSM stand transferred and assigned to the MSX, according to a press statement issued by the Muscat Stock Exchange.

The transformation of Oman's stock market into a closed joint stock company will enhance the investment development process, both by providing an effective platform full of opportunities