Latest news with #PromisingCompaniesMarket
Observer
06-05-2025
- Business
- Observer
MSX promotes promising companies market at roadshow
MUSCAT: The Muscat Stock Exchange (MSX) kicked off its first governorate-level session on the Promising Companies Market and Incentive Programme on May 5. The event, held in collaboration with the Oman Chamber of Commerce and Industry (OCCI), marks the start of a nationwide series aimed at strengthening the investment landscape and broadening access to financing across Oman. This initiative aligns with a wider national strategy to diversify income sources, deepen the financial sector, and cultivate a new generation of savvy investors—part of the broader goals of Oman Vision 2040. The Incentive Programme, developed by the Oman Vision 2040 Implementation Follow-up Unit under the Capital Market Development initiative, offers tailored support to help closed and family-owned businesses list on the MSX. The programme follows three tracks: 1. Supporting the transformation of companies valued over RO 10 million into public joint-stock companies. 2. Launching the Promising Companies Market for SMEs with a market value above RO 500,000. 3. Encouraging limited liability companies with over 20 Omani employees and similar valuations to become closed joint-stock companies. Majda bint Saeed al Hinai, Project Manager, noted that the programme fosters financial sustainability through improved access to funding, stronger corporate governance, and enhanced transparency. She added that the Promising Companies Market balances regulatory standards with the private sector's needs. Noor al Hamidiyah of the Financial Services Authority outlined the listing process, which includes company valuation, appointment of an issuing manager, prospectus preparation, and registration with the Muscat Clearing and Depository Company. Bader bin Hamood al Hinai, Chief Operating Officer at MSX, explained listing requirements such as legal entity structure, two years of financial history, a one-year lock-in period for founders' shares, and audited financial statements—though exemptions may apply. Eligible investors include existing shareholders, licensed financial institutions, insurance companies, the Social Protection Fund, investment funds, and high-net-worth individuals. Investor services such as the 'Saham Oman' mobile app, portfolio monitoring, and pledge options were also highlighted. Ibrahim bin Ahmed al Balushi from the Muscat Clearing and Depository Company announced a three-year waiver on transfer agent fees for companies joining under the programme. He also introduced a comprehensive suite of services designed for issuers and investors in the Promising Companies Market.
Zawya
22-04-2025
- Business
- Zawya
Oman: MSX holds dialogue on promising companies market
MUSCAT: Muscat Stock Exchange (MSX) recently convened a meeting with brokerage firms to explore the development of its new 'Promising Companies Market,' a platform designed to attract private and family-owned businesses, SMEs, and startups with a minimum market value of RO 500,000. The initiative aims to provide these companies with access to diverse financing options through the capital market, helping them expand and adopt robust governance standards to ensure long-term sustainability. The meeting brought together heads of brokerage departments from across the sector, alongside officials from MSX. Key discussion points included the conceptual framework of the new market, listing mechanisms, disclosure obligations, the role of intermediaries, and technical and regulatory considerations. Badr bin Hamoud al Hinai, Chief Operating Officer at MSX, emphasised the strategic importance of engaging brokerage firms: 'The Muscat Stock Exchange is committed to forming strong partnerships with brokerage firms due to their essential role in boosting market efficiency. This dialogue reflects our broader commitment to fostering a more advanced and integrated investment environment.' He added that the new market represents a milestone in creating a secure and agile platform for SMEs to secure funding, highlighting the role of intermediaries in raising awareness, supporting listings, and connecting companies with investors. Majida al Hanaei, Director of the Incentive Program Initiative under the National ProgramME for Financial Sustainability and Financial Sector Development (Estidama), gave an in-depth presentation on the new platform. She outlined the key features, including listing requirements, qualified investors, the role of brokers, and the listing process itself. 'This market is tailored to the unique needs of promising companies, offering a flexible and regulated environment that facilitates disclosure and operational efficiency,' said Al Hanaei. 'It supports the objectives of the Estidama program by enhancing economic diversification and giving entrepreneurs more effective access to financing.' The session concluded with a call for greater coordination among all stakeholders to ensure the success of the Promising Companies Market and establish it as a key driver of growth and innovation within Oman's evolving business landscape. 2022 © All right reserved for Oman Establishment for Press, Publication and Advertising (OEPPA) Provided by SyndiGate Media Inc. (
Observer
21-04-2025
- Business
- Observer
MSX holds dialogue on promising companies market
BUSINESS REPORTER MUSCAT, APRIL 21 Muscat Stock Exchange (MSX) recently convened a meeting with brokerage firms to explore the development of its new 'Promising Companies Market,' a platform designed to attract private and family-owned businesses, SMEs, and startups with a minimum market value of RO 500,000. The initiative aims to provide these companies with access to diverse financing options through the capital market, helping them expand and adopt robust governance standards to ensure long-term sustainability. The meeting brought together heads of brokerage departments from across the sector, alongside officials from MSX. Key discussion points included the conceptual framework of the new market, listing mechanisms, disclosure obligations, the role of intermediaries, and technical and regulatory considerations. Badr bin Hamoud al Hinai, Chief Operating Officer at MSX, emphasised the strategic importance of engaging brokerage firms: 'The Muscat Stock Exchange is committed to forming strong partnerships with brokerage firms due to their essential role in boosting market efficiency. This dialogue reflects our broader commitment to fostering a more advanced and integrated investment environment.' He added that the new market represents a milestone in creating a secure and agile platform for SMEs to secure funding, highlighting the role of intermediaries in raising awareness, supporting listings, and connecting companies with investors. Majida al Hanaei, Director of the Incentive Program Initiative under the National ProgramME for Financial Sustainability and Financial Sector Development (Estidama), gave an in-depth presentation on the new platform. She outlined the key features, including listing requirements, qualified investors, the role of brokers, and the listing process itself. 'This market is tailored to the unique needs of promising companies, offering a flexible and regulated environment that facilitates disclosure and operational efficiency,' said Al Hanaei. 'It supports the objectives of the Estidama program by enhancing economic diversification and giving entrepreneurs more effective access to financing.' The session concluded with a call for greater coordination among all stakeholders to ensure the success of the Promising Companies Market and establish it as a key driver of growth and innovation within Oman's evolving business landscape.
Zawya
18-03-2025
- Business
- Zawya
Oman: MSX to launch Promising Companies Market in 2025
Muscat: The Muscat Stock Exchange (MSX) is planning to launch a submarket, the 'Promising Companies Market,' this year to attract private and family-owned companies, small and medium-sized enterprises (SMEs), and startups with a market capitalisation of no less than RO500,000 to list on the exchange. The establishment of the Promising Companies Market was decreed by Royal Decree No. 18/2025, issued in February. This reflects the royal vision to support the private sector and SMEs, enhance the business environment, and ensure the growth and sustainability of entrepreneurial companies, contributing to the diversification of the national economy. In a statement to Oman News Agency, Haitham bin Salim al Salmi, CEO of the Muscat Stock Exchange, said the Promising Companies Market is expected to launch this year following the issuance of the executive regulations by the Financial Services Authority (FSA). 'The Muscat Stock Exchange has recently held meetings with more than 10 companies, and it is hoped that a number of them will be listed in conjunction with the market's launch,' Salmi said. He explained that the new submarket aims to attract private companies and franchisees that meet the requirements for direct listing. Salmi added that the market will enable companies to benefit from the services available on the Muscat Stock Exchange, whether through subscriptions to finance their projects or exits, in addition to being listed directly on the stock exchange. The Muscat Stock Exchange CEO pointed out that this market will be available to qualified investors and will feature several flexible incentives and requirements compared to the main market of the stock exchange. This will allow private companies and SMEs to list securities, raise capital, or issue debt instruments such as bonds and sukuks. © Apex Press and Publishing Provided by SyndiGate Media Inc. (
Muscat Daily
16-03-2025
- Business
- Muscat Daily
MSX to launch Promising Companies Market in 2025
Muscat – The Muscat Stock Exchange (MSX) is planning to launch a submarket, the 'Promising Companies Market,' this year to attract private and family-owned companies, small and medium-sized enterprises (SMEs), and startups with a market capitalisation of no less than RO500,000 to list on the exchange. The establishment of the Promising Companies Market was decreed by Royal Decree No. 18/2025, issued in February. This reflects the royal vision to support the private sector and SMEs, enhance the business environment, and ensure the growth and sustainability of entrepreneurial companies, contributing to the diversification of the national economy. In a statement to Oman News Agency, Haitham bin Salim al Salmi, CEO of the Muscat Stock Exchange, said the Promising Companies Market is expected to launch this year following the issuance of the executive regulations by the Financial Services Authority (FSA). 'The Muscat Stock Exchange has recently held meetings with more than 10 companies, and it is hoped that a number of them will be listed in conjunction with the market's launch,' Salmi said. He explained that the new submarket aims to attract private companies and franchisees that meet the requirements for direct listing. Salmi added that the market will enable companies to benefit from the services available on the Muscat Stock Exchange, whether through subscriptions to finance their projects or exits, in addition to being listed directly on the stock exchange. The Muscat Stock Exchange CEO pointed out that this market will be available to qualified investors and will feature several flexible incentives and requirements compared to the main market of the stock exchange. This will allow private companies and SMEs to list securities, raise capital, or issue debt instruments such as bonds and sukuks.
