The sultanate is home to a well-developed stock exchange, the Muscat Securities Market (MSM), which was founded in 1988. The equity market has seen a decline in initial public offering (IPO) activity in recent years; however, it witnessed a resurgence in 2017 thanks to government-driven offerings, more of which are set to take place in 2018....
Equity listings activity in the sultanate has been muted in recent years. After having steadily risen in number from two in 2012 to four in 2014, only one public offering took place in 2015 – though the listing, of Phoenix Power Company, was the largest in recent years, raising OR563.1m ($1.5bn), more than double the combined value of all...
The telecoms market experienced a continued rise in revenue and investments in 2016, with growth rates of approximately 5.6% and 30.9%, respectively.
What policies has the Central Bank of Oman (CBO) pursued to relax reserve requirements and stimulate greater liquidity in the banking system?
For the first time since 1997, the government of Oman issued $2.5bn foreign bonds in June 2016 with maturities of five years and 10 years. Later, in September 2016, the government expanded the size of the issue to $4bn. During 2016 Oman joined several other governments and companies in tapping the global bond market to fund budget shortfalls...
The insurance market in Oman has continued recording healthy growth despite the financial challenges and the impact of falling oil prices in the past two years. The market consists of 22 insurance companies, including a re-insurer company and takaful (Islamic insurance) companies which started operations in 2014. The overall industry...
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