How is the low price of oil at the moment impacting performance of the markets in the sultanate?
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Interviews & Viewpoints | Abdulaziz Mohammed Al Balushi, CEO, Ominvest: Interview from The Report: Oman 2016
Articles & Analysis | Oman's regulatory changes spark a rise in number of new listings from The Report: Oman 2016
Oman has 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. While 2015 got off to a slower start than the previous year, recent regulatory changes should help to further boost the IPO pipeline in coming years and in...
Articles & Analysis | New legislaion in Oman requires insurers to become publicly traded firms from The Report: Oman 2016
In August 2014 amendments to Oman’s insurance law were passed under Royal Decree No. 39/2014. Changes include a doubling of capitalisation requirements for insurance companies – the second minimum capital increase in recent years – and an obligation to list on the local stock exchange, both of which will come into effect in 2017. Industry...
Articles & Analysis | New insurance rules aim at consolidation of Oman's takaful segment from The Report: Oman 2016
The insurance industry in Oman has been going through a period of change in recent years, alongside its continued expansion. The authorities have recently made regulatory alterations aimed primarily at encouraging consolidation in the somewhat crowded sector. Penetration levels are low by Western standards, leaving a great deal of room for...
Articles & Analysis | Oman's banking industry remains stable from The Report: Oman 2016
Strong asset growth and the expansion of the newly launched sharia-compliant segment have been central to developments in Oman’s banking sector in recent years. A small number of institutions account for the bulk of market share, and this concentration is set to increase if a planned merger between Bank Sohar and Bank Dhofar goes ahead. The...
Regulatory changes primarily aimed at encouraging consolidation within the insurance sector have recently been introduced by the Omani authorities. Low penetration levels indicate significant room for growth in the sector, with the life segment widely regarded as the most promising area for expansion. Motor coverage still remains the largest insurance line in the sultanate by premium value,...