Muscat Stock Exchange appoints financial advisors Al Ramz Corporation and Ubhar Capital

Muscat Stock Exchange appoints financial advisors Al Ramz Corporation and Ubhar Capital

UAE: Muscat Stock Exchange (“MSX”) is teaming up with the UAE based Al Ramz Corporation Investment and Development PJSC (“Al Ramz”) and the Oman based Ubhar Capital SAOC (“U Capital”) to formulate capital markets initiatives in the Sultanate of Oman.

MSX, Al Ramz Corporation and U Capital will devise plans aimed at improving the participation of Oman’s capital markets, propelling economic development in line with Oman Vision 2040. MSX aims to promote public offerings, diversify capital markets solutions, encourage investment, and facilitate it to investors in order to accomplish market upgrade and prompt the return of capital markets to the center stage of economic development in the Sultanate.

Haitham Salim Al Salmi CEO MSX, commented on this mandate saying, “MSX is keen on strengthening Oman’s national economy and reach a consolidated target which is consistent with Oman Vision 2040. This mandate will help achieve economic objectives, enhance the stock exchange’s strategic plan to expand market depth, promote its role in raising capital and create a benign investing environment that will promote public offerings and induce domestic as well as foreign investment flows.”

Al Salmi added: “Appointing Al Ramz Corporation and U Capital will accomplish a crucial milestone in developing Oman’s capital market as