Background
On 11 August 2024, certain sections of the media reported that the Financial Services Authority (“FSA”) announced the Capital Market Incentives Program (“CMIP”) to encourage private companies by offering them opportunities to list on the Muscat Stock Exchange (“MSX”) through three distinct pathways. Each pathway is expected to be supported by a dedicated incentive package summarized below. This initiative by the FSA is one of the key objectives of the National Program for Fiscal Sustainability and Financial Sector Development "Estidamah". Based on Royal Directives, it aims to develop the investment and business environment in Oman, support economic development and align with the strategic goals of Oman Vision 2040.
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