Latest news with #PromisingStartupsIndex
Times of Oman
15 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.
Times of Oman
7 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.
Muscat Daily
04-02-2025
- Business
- Muscat Daily
H M decrees establishment of Promising Startups Index on MSX
By OMAN NEWS AGENCY (ONA) Muscat – His Majesty Sultan Haitham bin Tarik issued three Royal Decrees on Tuesday reading as follows: Royal Decree No 18/2025 promulgates the establishment of an index for promising startups. Article 1 states that a sub-index to be named 'Promising Startups Index' will be established at Muscat Stock Exchange (MSX). Article 2 stipulates that Financial Services Authority will undertake the tasks of supervision and audit of the companies listed in the Promising Startups Index. Article 3 states that the Chairman of the Board of Directors of Financial Services Authority will issue the regulations and decisions necessary for implementation of provisions of this decree, as well as incentives granted to companies listed in the Promising Startups Index through coordination with departments concerned. Article 4 states that this decree will be published in the Official Gazette and enforced from its date of issue. Royal Decree No 19/2025 ratifies an agreement between the Government of the Sultanate of Oman and the Government of the Republic of Maldives on mutual visa waiver for holders of diplomatic, special, service and official passports, signed in Muscat on December 11, 2024. Article 1 ratifies the aforesaid agreement as per the version attached to this decree. Article 2 states that this decree will be published in the Official Gazette and enforced from its date of issue. Royal Decree No 20/2025 ratifies an agreement between the Government of the Sultanate of Oman and the Government of Mongolia on mutual visa waiver for holders of diplomatic, official, special and service passports, signed in Muscat on December 9, 2024.
