Sohar International and U-Capital sign liquidity provider agreement

Sohar International and U-Capital sign liquidity provider agreement

Muscat: In line with the bank’s long-term strategy aimed at achieving excellence, setting the organization on a sustainable growth path, and contributing to the national economy in alignment with the Sultanate’s goals, Sohar International has entered into a strategic partnership with Ubhar Capital (U-Capital), a leading brokerage firm on the Muscat Stock Exchange (MSX). This collaboration marks a significant development in Oman's financial landscape, as U-Capital takes on the role of the Market Liquidity Provider, facilitating the continuous flow of supply and demand orders for Sohar International shares.

Mr. Ahmed Al Musalmi, Chief Executive Officer of Sohar International, stated, “At Sohar International, our steadfast commitment revolves around enriching shareholder value. This collaboration harmonizes with MSX strategies and initiatives aimed at fostering public offerings, broadening capital market solutions, and catalyzing investment, thus facilitating market enhancements and revitalizing the role of capital markets in the economic advancement of the Sultanate of Oman. It also underscores the bank’s unwavering dedication to nurturing innovation and attaining excellence in a dynamic market landscape. Moreover, this collaboration ushers in a realm of possibilities, further empowering our stakeholders. The amalgamated expertise is poised not only to augment the liquidity of Sohar International shares but also to propel innovation