Muscat sec biography



Muscat sec biography

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    Muscat Securities Market

    Stock exchange located in Muscat, Oman

    The Muscat Securities Market (MSM, Arabic: سوق مسقط للأوراق المالية) is the only stock exchange in Oman.[2] It was established by the Royal Decree (53/88) issued on 21 June 1988, to regulate and control the Omani securities market and to participate, effectively, with other organisations for setting up the infrastructure of the Sultanate's financial sector.

    After ten years of continuous growth, there was a need for a better functioning of the market. Thus MSM has been restructured by two Royal Decrees (80/98) and (82/98).[citation needed]

    History

    The Royal Decree (80/98) dated 9 November 1998, which promulgated the new Capital Market Law, provides for the establishment of two separate entities, an exchange, Muscat Securities Market (MSM), where all listed securities shall be traded, and the Capital Market Authority (CMA) – the regulatory.[citation needed] The exchange is