The past few weeks have seen frenetic activity in key
legislative developments being released in Oman. Hot on the heels
of the publication of Oman's new Sukuk Regulations on 5 April
2016 came the introduction of new listing categories on the Muscat
Securities Market (MSM).
Why are the Sukuk Regulations significant?
The Capital Market Authority (CMA) Decision 3/2016 issued on 5
April 2016 introduced the CMA's long-awaited Sukuk Regulations
(the Regulations).
These Regulations mark the culmination of more than three years of
drafting, re-drafting and consultation with industry players both
locally and internationally. The CMA has worked hard behind the
scenes to take on board comments of key stakeholders to achieve the
objectives of having a framework which will further promote capital
market issuances in Oman.
