Oman’s Capital Markets Authority (CMA) has issued a decision to dissolve the board of directors of cash-strapped Omani construction contractor Al Hassan Engineering Company, which delivers engineering, procurement, and construction (EPC) services for oil and gas, petrochemicals, and utilities projects. In a missive to Muscat Securities Market, the listed contractor – which earlier this year said was facing challenges related to cash-flow, payment delays, and dispute claims – said CMA would appoint a temporary board of directors, which would later be tasked with appointing a permanent board for Al Hassan Engineering Co.