Oman launches the 'promising companies' stock exchange within two months

The Muscat Stock Exchange is launching its sub -market under the name ‘promising corporate market’ at the beginning of the second quarter of this year, following the preparation of the enterprise for businesses joining this market, according to Haitham Al -Salmi, CEO of the Muscat Stock Exchange. He explained in an interview with “Al -Sharq” that businesses have two ways to include in the market; The first of these is the first public subscription, provided the value of the market business is no less than half a million Omani -Riyals. Companies can also be inserted if they have a market value of at least half a million Riyals and at least 20 shareholders. Al -Salmi pointed out that this market will only be available for trading qualified investors as it contains some kind of risk, as the businesses listed are small and medium businesses and family businesses, pointing out that a description of this group of investors has been issued that determine their investment knowledge and financial capabilities. Also read: “Omani” Omani strives to include more units, the incentives of the sub -market, Al -Salmi said that the incentives announced last August have attracted the attention of many companies. The most important incentive is to reduce the tax from 15% to 5%, in addition to these companies taking precedence in the tender board and the preference in concession rights related to licenses and government countries. And added that the listed companies will benefit from these incentives over the next five years. The new platform is aimed at private, family, as well as small and medium -sized businesses, with the aim of organizing and providing them, and providing financing to help them to grow and then move to the main market, according to all -Salmi, which indicated that the closed companies listed in the Muscat and Deposit Company can be included in this market. Also read: The momentum of wave proposals is threatened with exaggeration of the judgments in 2025, the purpose of its inauguration. Al -Salmi said that the main purpose of the launch of this new market is to provide information to investors at home and abroad through the financial revelations and data issued by these businesses, which improve their position and attractiveness and prepare it to move to the main market in the next phase. As for the new proposals, Al -Salmi expected the proposal to be announced two weeks ago for the “Asiad” Maritime Transport Company, which is one of the Omani Investment Agency’s businesses and the first list of a company in the logistics sector on the Muscat stock exchange will be in two months. “Bloomberg” announced the intention of the Omani Logistical Services Group “asiad” for a preliminary public offer of at least 20% of its subsidiary unit “Asiad Maritime Transport” in the Muscat Stock Exchange, with a billion dollar evaluation. Al -Salmi said that the Muscat Stock Exchange is aimed at entering the global indicators and transformation of a starting market, and notes that it supports the subscription plan issued by the investment device, which includes more than 30 businesses as it will help with the high value of the market exchange and the attraction of the 10% of the 10% of the shares.