Oman’s Equity Market Capitalisation Expected to Double by 2030

Oman, 12 December, 2024 :  Oman’s equity market capitalisation has shown significant growth since 2020 and is projected to double by 2030, according to the latest Oman Capital Markets Outlook Report 2024 from Oman Investment Bank (OIB). The report also forecasts a substantial increase in daily trading volumes, signaling a boost in market activity and liquidity.

The report highlights Oman's progress towards achieving Emerging Market status by MSCI and FTSE, which could attract significant equity inflows. It also notes steady growth in Oman’s fixed income market, driven by private sector activity.

Oman’s capital markets have transformed in recent years, supported by government initiatives under Vision 2040, including major IPO listings and improved market infrastructure. Challenges remain, however, in increasing market depth, liquidity, and foreign investment participation.

Akin Tuzun, Head of Research at OIB, emphasized that the report provides key insights into Oman's financial evolution, outlining both the opportunities and challenges ahead.