OMAN: The Financial Services Authority of Oman has enacted decision No. 28/2025, introducing a new regulatory framework for the ‘Promising Companies Market’, a secondary market established within the Muscat Stock Exchange by Royal Decree No. 18/2025.
The regulation provides two listing options: direct listing, which requires three years of net profits, an annual revenue growth of at least 14.4% and a minimum of 20 shareholders; and indirect listing, which involves capital raising or private placement, and requires at least two years of operational performance and a minimum of 20% of capital via private placement. Companies under establishment can use the indirect route without the two-year performance requirement.
Trading is limited to qualified investors, including licensed securities entities, insurance companies and high-net-worth individuals under the new framework.
Restricted Access
Login to continue reading (existing subscriber)
Subscribe NOW and get:
- Gain unlimited access through all key operating platforms
- Full access to all listed Islamic funds & fund profiles
- Unlimited access to all Islamic fund managers
- Access to all exclusive articles, reports, podcasts & videos
- Complimentary access to all IFN Investor Forums
