Latest news with #IncentiveProgramme
Observer
15-07-2025
- Business
- Observer
Workshop highlights incentives, start-up index
SUHAR, JULY 15 In a continued effort to enhance investment awareness and support the growth of high-potential businesses, Al Batinah North branch of the Oman Chamber of Commerce and Industry organised an introductory workshop on the promotional campaign for the Incentive Programme and Promising Start-ups Index. This initiative was launched by the Muscat Stock Exchange in collaboration with the National Programme for Fiscal Sustainability and Financial Sector Development 'Estidama'. The workshop provided an overview of the objectives of the Incentive Programme and the Promising Start-ups Index, as well as the incentives available to closed and family-owned companies. It also covered the regulatory and technical requirements for transitioning to companies listed on the Muscat Stock Exchange. The goal of this initiative is to promote integration among financial institutions, encourage small and medium enterprises to participate in capital markets, and foster the adoption of modern management and financing practices. This will help improve the business environment and drive sustainable economic growth in the Sultanate of Oman. The workshop brought together entrepreneurs, investors and business leaders from the region and was graced by the presence of Eng Said bin Ali al Abri, Chairman of the Oman Chamber of Commerce and Industry in Al Batinah North Governorate branch. The participants were introduced to the objectives and benefits of the incentive programme, with a focus on how it supports closed and family-owned companies in their transition to public listing on the Muscat Stock Exchange. A detailed presentation of the three key listing pathways available under the programme was a major highlight for entrepreneurs. The first path is the Public Joint-Stock Company Path, which is tailored for private and family-owned firms with a market value exceeding RO 10 million. This path allows these companies to access the main stock exchange and explore wider investment opportunities. The second path is the Promising Companies Market Path, which targets small and medium-sized enterprises (SMEs) and start-ups with a market value above RO 500,000. This sub-market under the Muscat Stock Exchange serves as a platform for emerging companies to expand, gain visibility and attract investors. The third path focuses on transitioning to Closed Joint-Stock Companies, aimed at limited liability companies with a value above RO 500,000 and employing more than 20 Omanis. This pathway supports their evolution into more structured, scalable and investment-ready entities. Majida al Hinai, Project Manager of the Incentive Programme at Estidama, emphasised the national significance of the initiative, stating: 'Launching this promotional campaign underscores our commitment to engaging companies across all governorates. It is a strategic opportunity to empower businesses, enhance governance practices, and contribute to a more resilient and diversified national economy.' Al Mazyani, a local entrepreneur and owner of a growing manufacturing company in Saham, commended the initiative: 'This session was eye-opening. For companies like mine, the opportunity to access capital through the stock exchange could significantly accelerate our growth. The incentives, along with the clear guidance provided today, make the idea of listing more achievable and less intimidating.'
Times of Oman
14-07-2025
- Business
- Times of Oman
Workshop held to highlight Incentive Programme, Promising Startups Index in Sohar
Sohar: The North Al Batinah branch of Oman Chamber of Commerce and Industry (OCCI) on Monday organised an introductory workshop on the promotional campaign for the Incentive Programme and Promising Startups Index, launched by Muscat Stock Exchange in cooperation with the National Programfor Fiscal Sustainability and Financial Sector Development "Estidama'. The workshop reviewed the objectives of the Incentive Programme and the Promising Startups Index, along with the incentives offered to closed and family-owned companies, as well as the regulatory and technical requirements for transitioning to companies listed on Muscat Stock Exchange. This initiative aims to enhance integration among financial institutions, stimulate participation of small and medium enterprises in capital markets, and encourage the adoption of modern management and financing models. This contributes to developing the business environment and promoting sustainable economic growth in the Sultanate of Oman.
Observer
08-07-2025
- Business
- Observer
Session showcases incentive programme for start-ups
IBRA: A specialised awareness session on the promotional campaign for the Incentive Programme and the Promising Start-ups Index was held on Tuesday in Ibra, Al Sharqiyah North Governorate. The event was organised by Muscat Stock Exchange and the National Programme for Fiscal Sustainability and Financial Sector Development "Estidama" in collaboration with Al Sharqiyah North branch of Oman Chamber of Commerce and Industry. The session highlighted the objectives of the Incentive Programme and the Promising Start-ups Index, focusing on key incentives for closed and family-owned companies, along with regulatory and technical requirements. It also introduced the programme components designed to support businesses in transitioning to listed companies on Muscat Stock Exchange. - ONA
Times of Oman
08-07-2025
- Business
- Times of Oman
Session showcases Incentive Programme, Promising Startups Index in North Al Sharqiyah
Ibra: A specialised awareness session on the promotional campaign for the Incentive Programme and the Promising Startups Index was held on Tuesday in Ibra, North Al Sharqiyah Governorate. The event was organised by Muscat Stock Exchange and the National Programme for Fiscal Sustainability and Financial Sector Development "Estidama" in collaboration with the North Al Sharqiyah branch of Oman Chamber of Commerce and Industry. The session highlighted the objectives of the Incentive Programme and the Promising Startups Index, focusing on key incentives for closed and family-owned companies, along with regulatory and technical requirements. It also introduced the program components designed to support businesses in transitioning to listed companies on Muscat Stock Exchange. Furthermore, the session outlined the incentive programme's three main pathways: 'transformation to Public Joint Stock Companies'; 'Launch of the Promising Startups Index' and the 'Conversion to Closed Joint Stock Companies'. The awareness session aimed to enhance investment literacy among entrepreneurs and investors regarding the Promising Startups Index, foster integration between financial institutions, stimulate SME participation in capital markets, and encourage companies to adopt modern management and financing models.
Times of Oman
18-06-2025
- Business
- Times of Oman
MSX, Estidama highlight startups incentive programme, business market in Dhofar
Salalah: Muscat Stock Exchange (MSX) and the National Programme for Fiscal Sustainability and Financial Sector Development (Estidama) on Wednesday organised an orientation session about a promotional campaign titled 'Incentive Programme and Promising Companies Market'. The orientation session was held in Salalah in cooperation with Dhofar Governorate's branch of Oman Chamber of Commerce and Industry (OCCI). The session included an introduction to the objectives of the incentive programme and the startups' market, highlighted key incentives allocated to closed-door firms and family-owned companies and elaborated on related regulatory and technical requirements. The session also introduced the programme's components that are intended to be supported to help the firms' transition into MSX-listed companies. The session focused on three main tracks of the programme: The first is the track of transition into public joint-stock companies. This target targets private and family companies with a market value exceeding OMR10 million to encourage them to enter the public market. The second is the track of launching the Promising Companies Market. This refers to establishing a sub-market within the MSX, specifically designed to accommodate small, medium and startups whose market value exceeds half a million Omani rials. The third is the track of transition into closed joint-stock companies. This encourages limited liability companies (whose value exceeds half a million Omani rials and employ more than 20 Omani employees) to engage in transition into the closed joint-stock company format. The orientation session also sought to raise investment awareness among startup entrepreneurs, achieve integration between financial institutions and activate the participation of small and medium enterprises in the capital markets, in addition to encouraging companies to adopt modern management and financing models.
