Overview
The establishment of the Muscat Securities Market in 1988 marked a critical milestone in Oman’s financial sector development, creating an organised platform for trading equity and debt securities. The exchange provided companies with access to capital from domestic and international investors while offering citizens investment opportunities beyond traditional real estate and bank deposits. Over the decades, the market has matured into a regulated, technology-driven exchange that supports the broader economic diversification agenda.
Key Points
The exchange was established by Royal Decree and initially listed a small number of Omani companies. Regulatory frameworks for listing requirements, disclosure obligations, and investor protection were developed in line with international standards. The Capital Market Authority was created to supervise the exchange and enforce securities regulation. Electronic trading systems replaced open-outcry methods, improving efficiency, transparency, and accessibility. The market has hosted significant government privatisation offerings.
Current Status
The Muscat Stock Exchange, as it is now known, lists over one hundred companies across financial, industrial, and services sectors. Market capitalisation has grown substantially, supported by privatisation listings and new company offerings. Foreign investor participation has increased following regulatory reforms that expanded ownership limits. The exchange has introduced new products including exchange-traded funds and sukuk listings. Settlement systems have been modernised to meet international custody and clearing standards.
Vision 2040 Context
Vision 2040 envisions a deep, liquid capital market that efficiently allocates savings to productive investment. The exchange plays a central role in the privatisation programme and in channelling household savings into wealth-building opportunities. Continued development of the capital market infrastructure supports financial inclusion, corporate governance, and the Sultanate’s aspiration to serve as a regional financial centre.