Oman lifts ceiling on foreign ownership of listed firms to attract inflows

RIYADH: The Muscat Stock Exchange has allowed full foreign ownership in listed companies in a bid to attract more capital inflows and induce the expatriates participation in the local bourse. 

Muscat Clearing and Depository finalized measures to open up the market, according to a tweet from the local stock exchange.

The decision will make the bourse “more attractive to international investors” and provide them with a more flexible environment for their investments, the tweet added.

This comes as Oman seeks to indulge with global emerging market indices.