MSX kicks off meetings for Parallel Market for Promising Companies

05/05/2025 02:43 AST

Muscat Stock Exchange (MSX) held on Monday the first awareness session of its investment campaign on the Parallel Market for Promising Companies and the Incentive Programme.

The first event, hosted at the National Bank of Oman (NBO) headquarters, was held under the patronage of Mahmood bin Abdullah al-Aweini, Secretary General of the Ministry of Finance, and attended by officials, investors, and financial specialists. The initiative aims to boost investment awareness and promote financial literacy across all segments of society.

The introductory meetings, scheduled to be held in a number of governorates, are in line with the efforts of the National Programme for Fiscal Sustainability to enhance a culture of investment in Oman, and develop the financial sector as well. This is being done in cooperation with the Ministry of Finance, the Ministry of Commerce, Industry and Investment Promotion, the Financial Services Authority, and Muscat Clearing and Depository Company, as part of Muscat Stock Exchange's ongoing efforts to raise investment awareness and promote financial literacy across the community.

Through this programme of meetings, the exchange also aims to reflect the objectives of Oman Vision 2040, which include building an efficient and integrated financial system that supports sustainable growth and provides an attractive investment environment based on transparency and efficiency.

The launch meeting also addressed the 'Incentive Programme for the Capital Market Sector', highlighting the fundamental link between government-led incentives and the dynamics of the financial market.

Several key themes were discussed, most notably the direct and indirect economic impact of the incentive programme in driving investment; the role of Muscat Stock Exchange in converting these financial flows into long-term investment instruments; and enhancing financial inclusion by involving new categories of investors, especially youth and entrepreneurs.

The session witnessed notable engagement from attendees, including university students, representatives of small and medium-sized enterprises, and individuals interested in the fields of economy and investment. Discussions covered topics such as governance mechanisms, the importance of transparency, and the need to empower local investors.

To build on this initiative, MSX will organise a series of meetings in the governorates in cooperation with the branches of the Oman Chamber of Commerce and Industry. Starting with the inaugural awareness session in Muscat Governorate on Sunday, it will be followed by South Al Batinah on May 14, North Al Batinah on May 19, Al Dakhiliyah on May 21, and South Al Sharqiyah on May 22. The meetings in Al Dhahirah and Al Buraimi will be held on May 26 and May 27, respectively. The session in North Al Sharqiyah will be held on June 2, followed by Al Wusta on June 16, and Dhofar on June 18. The date for the session in Musandam Governorate will be determined at a later time.

These meetings and sessions are an extension of a comprehensive strategy aimed at creating a more attractive investment environment for both local and foreign investors, supporting the government's efforts to diversify sources of income by developing the financial sector, and preparing a new generation of knowledgeable and experienced investors.

Muscat Daily