Oman may cut minimum capital for company listing
- Oman: Thursday, February 28 - 2013 at 04:13
Oman's Capital Market Authority (CMA) is considering reducing the minimum capital of OR2m required for a listed company, in a move to encourage family-owned firms to convert their businesses into joint stock companies, Times of Oman has reported. The government will consider a 25% capital dilution as a special case, if family-owned businesses are interested in listing their companies. Family businesses play an important role in the economy in Oman, as well as in the entire Gulf region, said the chairman of the CMA, Yahya Said Al Jabri. "In the GCC region, family businesses constitute 90 per cent of total number of companies. It helps in creating employment opportunities for youths," noted Al Jabri, who is also the chairman of Duqm Free Trade Zone.
- Iran plans national fleet expansion
- Total acquires 80% stake in Kurdistan block
- BlackBerry gears up to open first Middle East...
- Gamification hits the Middle East
- Forum International introduces www....
- Twofour54 Briefing Room connects companies with...
The information comprised in this section is not, nor is it held out to be, a solicitation of any person to take any form of investment decision. The content of the AMEinfo.com Web site does not constitute advice or a recommendation by Mediaquest FZ LLC and should not be relied upon in making (or refraining from making) any decision relating to investments or any other matter. You should consult your own independent financial adviser and obtain professional advice before exercising any investment decisions or choices based on information featured in this AMEinfo.com Web site.
Mediaquest FZ LLC can not be held liable or responsible in any way for any opinions, suggestions, recommendations or comments made by any of the contributors to the various columns on the AMEinfo.com Web site nor do opinions of contributors necessarily reflect those of Mediaquest FZ LLC.
In no event shall Mediaquest FZ LLC be liable for any damages whatsoever, including, without limitation, direct, special, indirect, consequential, or incidental damages, or damages for lost profits, loss of revenue, or loss of use, arising out of or related to the AMEinfo.com Web site or the information contained in it, whether such damages arise in contract, negligence, tort, under statute, in equity, at law or otherwise.