Capital Markets
Although performance has been subdued in 2015 compared to 2014, the market is set to be bolstered by various developments in the sector. Regulatory changes obliging insurance companies to list will add to the offerings pipeline, as should government plans to relax listings requirements. Meanwhile, with the country’s oil revenues down, the government has started to look elsewhere for means of deficit financing, with plans to issue a sharia-compliant bond under way. The country has also seen growing initial public offering (IPO) activity in recent years, spurred in part by regulatory requirements for foreign-backed electricity companies to conduct share offerings. This chapter contains an interview with Abdulaziz Mohammed Al Balushi, CEO, Ominvest.
