Non-Oil GDP Share: 70.5% ▲ +9.5pp vs 2017 | QS Ranking — SQU: #334 ▲ ↑28 places | Fiscal Balance: +2.8% GDP ▲ 3rd surplus year | CPI Rank: 50th ▲ +20 places | Global Innovation Index: 69th ▲ +10 vs 2022 | Green H₂ Pipeline: $30B+ ▲ 2 new deals 2025 | Gross Public Debt: ~35% GDP ▲ ↓ from 44% | Digitalised Procedures: 2,680 ▲ of 2,869 target | Non-Oil GDP Share: 70.5% ▲ +9.5pp vs 2017 | QS Ranking — SQU: #334 ▲ ↑28 places | Fiscal Balance: +2.8% GDP ▲ 3rd surplus year | CPI Rank: 50th ▲ +20 places | Global Innovation Index: 69th ▲ +10 vs 2022 | Green H₂ Pipeline: $30B+ ▲ 2 new deals 2025 | Gross Public Debt: ~35% GDP ▲ ↓ from 44% | Digitalised Procedures: 2,680 ▲ of 2,869 target |

Capital Markets

Capital Market Authority (CMA)

Oman's Capital Market Authority regulates the securities market, insurance sector, and mortgage finance — overseeing the Muscat Stock Exchange and implementing capital market development reforms aligned with Vision 2040's financial deepening goals.

Feb 21, 2026

Muscat Stock Exchange (MSX)

The Muscat Stock Exchange is Oman's primary securities exchange — listing approximately 110-120 equities, government sukuk, and corporate bonds. The 2024 OQEP IPO was transformative, making MSX a more significant regional exchange.

Feb 21, 2026

OQEP IPO (2024)

The OQ Exploration and Production (OQEP) IPO in 2024 was Oman's largest-ever equity listing — raising OMR 975 million (~$2.5bn) and transforming Muscat Stock Exchange's market capitalisation.

Feb 21, 2026

Oman Capital Markets Guide | Oman Guide

Guide to Oman capital markets including the Muscat Stock Exchange, bond market, and CMA regulation.

Feb 21, 2025

Oman Privatisation Programme | Oman Guide

Understand Oman privatisation strategy including IPOs of state-owned enterprises on the Muscat Stock Exchange.

Feb 21, 2025

What is Sukuk? | Oman Explained

Learn about sukuk, Islamic investment certificates, and how Oman uses them for sovereign financing.

Feb 21, 2025
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