Oman exchange to allow foreign ownership in listed companies

Oman’s stock exchange plans to allow full foreign ownership in listed companies in an effort to attract more inflows to its market, following a similar move by the bourse in Qatar.

Muscat Clearing and Depository finalised measures to open up the market to make the bourse “more attractive to international investors” and provide them with a more flexible environment for their investments.

Oman’s bourse plans to list 35 state-run companies in the next five years.

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