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

Follow-ups -eshrag News:

Tue, 2022-03-29 18:29

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.


Main category: 
Business & Economy

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