Oman’s Investment Authority Allocates $260 Mln to Support Muscat Stock Exchange

Muscat Stock Exchange (Omani News Agency)
Muscat Stock Exchange (Omani News Agency)
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Oman’s Investment Authority Allocates $260 Mln to Support Muscat Stock Exchange

Muscat Stock Exchange (Omani News Agency)
Muscat Stock Exchange (Omani News Agency)

The Oman Investment Authority (OIA) announced the allocation of 100 million Omani riyals (about $260.8 million) to support the Muscat Stock Exchange through the Liquidity Fund initiative, which is launched by the body in cooperation with the National Program for Financial Sustainability and Financial Sector Development.

Aown bin Abbas al Bahrani, director general of public markets investment at the OIA, said that the Liquidity Fund Initiative is a portfolio worth 100 million Omani riyals to support market-makers and liquidity providers on the Muscat Stock Exchange.

He added that the new initiative reflects the priorities of Oman’s Vision 2040 and falls within the framework of efforts aimed at strengthening the Muscat Stock Exchange, achieving sustainable growth, enhancing investor attractiveness, and increasing their confidence in the market.

The expansion of the Muscat Stock Exchange through the primary or secondary public offerings was among the goals of the OIA’s exit plan that was announced last year. The OIA’s exit from two state-owned firms resulted in the listing of the Pearl Real Estate Investment Fund and Abraaj Energy Services on the MSX.

Meanwhile, the Omani Ministry of Transport, Communications and Information Technology, participated in the third edition of the Oman-Switzerland Business Forum, which aims to strengthen the role of the private sector, achieve economic diversification and financial sustainability and attract foreign investment.

The forum was organized by the Oman-Switzerland Friendship Association and the Advisory Organization for the Swiss Export and Investment Program in Lucerne, under the theme of “Opportunities for Investment and Cooperation in Renewable Energy, Infrastructure and Tourism”.

In a speech on the occasion, Eng. Khamis Mohammed Al Shamakhi, Transport Undersecretary at the Ministry of Transport, Communications and Information Technology, outlined the business advantages offered by the infrastructure sector in Oman, mainly investment opportunities in the field of transport and logistics.

 



GACA to Showcase Saudi Aviation Achievements at Bahrain International Airshow

GACA to Showcase Saudi Aviation Achievements at Bahrain International Airshow
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GACA to Showcase Saudi Aviation Achievements at Bahrain International Airshow

GACA to Showcase Saudi Aviation Achievements at Bahrain International Airshow

The Saudi General Authority of Civil Aviation (GACA) will take part in the seventh edition of the Bahrain International Airshow, which will be held from November 13 to 15 at Sakhir Airbase.

The event will showcase the achievements of the Saudi aviation sector, highlight significant investment opportunities available, reinforce the Kingdom's leadership in the global aviation arena, and explore avenues for collaboration to develop a more prosperous aviation sector.
GACA Spokesperson Ibtisam Al-Shehri said that at the airshow, the authority will present its initiatives to develop regulations that promote growth and innovation in the Kingdom's aviation sector, and highlight the achievements of the National Aviation Strategy, which aims to secure $100 billion in investments, boost passenger traffic to 330 million and link the Kingdom to 250 international destinations by 2030.
She added that GACA will also introduce the Civil Aviation Environmental Sustainability Program, and emphasize its expertise in enhancing passenger experience and streamlining operational procedures, all in accordance with the latest international standards.
The Bahrain International Airshow will feature 11 sponsoring companies, 223 civil and military delegations from 56 countries, and more than 135 local, regional, and global companies.