Latest news with #IncentiveProgramme
Times of Oman
2 hours ago
- Business
- Times of Oman
Workshop held to highlight Incentive Programme, Promising Startups Index in Sohar
Sohar: The North Al Batinah branch of Oman Chamber of Commerce and Industry (OCCI) on Monday organised an introductory workshop on the promotional campaign for the Incentive Programme and Promising Startups Index, launched by Muscat Stock Exchange in cooperation with the National Programfor Fiscal Sustainability and Financial Sector Development "Estidama'. The workshop reviewed the objectives of the Incentive Programme and the Promising Startups Index, along with the incentives offered to closed and family-owned companies, as well as the regulatory and technical requirements for transitioning to companies listed on Muscat Stock Exchange. This initiative aims to enhance integration among financial institutions, stimulate participation of small and medium enterprises in capital markets, and encourage the adoption of modern management and financing models. This contributes to developing the business environment and promoting sustainable economic growth in the Sultanate of Oman.
Observer
6 days ago
- Business
- Observer
Session showcases incentive programme for start-ups
IBRA: A specialised awareness session on the promotional campaign for the Incentive Programme and the Promising Start-ups Index was held on Tuesday in Ibra, Al Sharqiyah North Governorate. The event was organised by Muscat Stock Exchange and the National Programme for Fiscal Sustainability and Financial Sector Development "Estidama" in collaboration with Al Sharqiyah North branch of Oman Chamber of Commerce and Industry. The session highlighted the objectives of the Incentive Programme and the Promising Start-ups Index, focusing on key incentives for closed and family-owned companies, along with regulatory and technical requirements. It also introduced the programme components designed to support businesses in transitioning to listed companies on Muscat Stock Exchange. - ONA
Times of Oman
6 days ago
- Business
- Times of Oman
Session showcases Incentive Programme, Promising Startups Index in North Al Sharqiyah
Ibra: A specialised awareness session on the promotional campaign for the Incentive Programme and the Promising Startups Index was held on Tuesday in Ibra, North Al Sharqiyah Governorate. The event was organised by Muscat Stock Exchange and the National Programme for Fiscal Sustainability and Financial Sector Development "Estidama" in collaboration with the North Al Sharqiyah branch of Oman Chamber of Commerce and Industry. The session highlighted the objectives of the Incentive Programme and the Promising Startups Index, focusing on key incentives for closed and family-owned companies, along with regulatory and technical requirements. It also introduced the program components designed to support businesses in transitioning to listed companies on Muscat Stock Exchange. Furthermore, the session outlined the incentive programme's three main pathways: 'transformation to Public Joint Stock Companies'; 'Launch of the Promising Startups Index' and the 'Conversion to Closed Joint Stock Companies'. The awareness session aimed to enhance investment literacy among entrepreneurs and investors regarding the Promising Startups Index, foster integration between financial institutions, stimulate SME participation in capital markets, and encourage companies to adopt modern management and financing models.
Times of Oman
18-06-2025
- Business
- Times of Oman
MSX, Estidama highlight startups incentive programme, business market in Dhofar
Salalah: Muscat Stock Exchange (MSX) and the National Programme for Fiscal Sustainability and Financial Sector Development (Estidama) on Wednesday organised an orientation session about a promotional campaign titled 'Incentive Programme and Promising Companies Market'. The orientation session was held in Salalah in cooperation with Dhofar Governorate's branch of Oman Chamber of Commerce and Industry (OCCI). The session included an introduction to the objectives of the incentive programme and the startups' market, highlighted key incentives allocated to closed-door firms and family-owned companies and elaborated on related regulatory and technical requirements. The session also introduced the programme's components that are intended to be supported to help the firms' transition into MSX-listed companies. The session focused on three main tracks of the programme: The first is the track of transition into public joint-stock companies. This target targets private and family companies with a market value exceeding OMR10 million to encourage them to enter the public market. The second is the track of launching the Promising Companies Market. This refers to establishing a sub-market within the MSX, specifically designed to accommodate small, medium and startups whose market value exceeds half a million Omani rials. The third is the track of transition into closed joint-stock companies. This encourages limited liability companies (whose value exceeds half a million Omani rials and employ more than 20 Omani employees) to engage in transition into the closed joint-stock company format. The orientation session also sought to raise investment awareness among startup entrepreneurs, achieve integration between financial institutions and activate the participation of small and medium enterprises in the capital markets, in addition to encouraging companies to adopt modern management and financing models.
Observer
06-05-2025
- Business
- Observer
MSX promotes promising companies market at roadshow
MUSCAT: The Muscat Stock Exchange (MSX) kicked off its first governorate-level session on the Promising Companies Market and Incentive Programme on May 5. The event, held in collaboration with the Oman Chamber of Commerce and Industry (OCCI), marks the start of a nationwide series aimed at strengthening the investment landscape and broadening access to financing across Oman. This initiative aligns with a wider national strategy to diversify income sources, deepen the financial sector, and cultivate a new generation of savvy investors—part of the broader goals of Oman Vision 2040. The Incentive Programme, developed by the Oman Vision 2040 Implementation Follow-up Unit under the Capital Market Development initiative, offers tailored support to help closed and family-owned businesses list on the MSX. The programme follows three tracks: 1. Supporting the transformation of companies valued over RO 10 million into public joint-stock companies. 2. Launching the Promising Companies Market for SMEs with a market value above RO 500,000. 3. Encouraging limited liability companies with over 20 Omani employees and similar valuations to become closed joint-stock companies. Majda bint Saeed al Hinai, Project Manager, noted that the programme fosters financial sustainability through improved access to funding, stronger corporate governance, and enhanced transparency. She added that the Promising Companies Market balances regulatory standards with the private sector's needs. Noor al Hamidiyah of the Financial Services Authority outlined the listing process, which includes company valuation, appointment of an issuing manager, prospectus preparation, and registration with the Muscat Clearing and Depository Company. Bader bin Hamood al Hinai, Chief Operating Officer at MSX, explained listing requirements such as legal entity structure, two years of financial history, a one-year lock-in period for founders' shares, and audited financial statements—though exemptions may apply. Eligible investors include existing shareholders, licensed financial institutions, insurance companies, the Social Protection Fund, investment funds, and high-net-worth individuals. Investor services such as the 'Saham Oman' mobile app, portfolio monitoring, and pledge options were also highlighted. Ibrahim bin Ahmed al Balushi from the Muscat Clearing and Depository Company announced a three-year waiver on transfer agent fees for companies joining under the programme. He also introduced a comprehensive suite of services designed for issuers and investors in the Promising Companies Market.
