Salalah: Muscat Stock Exchange (MSX) and the National Programme for Fiscal Sustainability and Financial Sector Development (Estidama) today organized 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).
According to Oman News Agency, 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 targets private and family companies with a market value exceeding RO 10 million to encourage them to enter the public market. The second is the track of launching the Promising Companies Market, referring to the establishment of a sub-market within the MSX, specifically designed to accommodate small, medium, and startup companies whose market value exceeds half a million Omani rials.
The third track is the transition into closed joint-stock companies, which encourages limited liability companies-valued at over half a million Omani rials and employing more than 20 Omani employees-to transition into the closed joint-stock company format. The orientation session also aimed 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.