Seven insurance firms to go public by August: Market regulator
Oman’s stock market regulator Capital Market Authority (CMA) will not relax its stipulation that national insurance companies offer shares to investors before August 2017, a top official declared. Accordingly, at least seven national insurance firms will have to float shares on the Muscat Securities Market (MSM) before August this year. In 2014, the Omani government had asked national insurance firms to float shares on the MSM within three years, besides raising their minimum capital to OMR10mn from OMR5mn. Insurance firms must comply with all the listing requirements and promoters will have to divest 40% in favour of investors. (Times of Oman)
This website uses cookies to make the site work, to understand if the site is working well, how it is being used, to connect to social media sites (such as Facebook and Twitter) and to collect information useful to allow us and our partners to provide you with more relevant ads . Some cookies are essential to make the site work, but you can control how we use non-essential cookies at any time by clicking the “ON/OFF” button next to each category. For more information about the cookies used on this site, see Privacy Policy.
Decide which cookies you want to allow.
Strictly Necessary
These cookies are essential in order to enable you to move around our website and use its features, such as accessing secure areas of our website. Without these cookies, any services on our Site you wish to access cannot be provided.
Analytical/performance cookies
Visitors use our website, for instance which pages you go to most often, and if you get error messages from web pages.