Oman, 26 February, 2025 : The Financial Services Authority (FSA) has launched the first phase of its electronic securities issuance system (eIPO) to enhance efficiency and transparency in the Omani capital market. Developed in collaboration with Estidama and Muscat Clearing and Depository Company (MCD), the platform aims to streamline IPO procedures and improve coordination among key stakeholders.
The first phase focuses on application submission, financial and legal data analysis, and initial approvals. Future phases will include book-building for price determination and the final listing stage on the Muscat Stock Exchange (MSX), boosting market liquidity and investment appeal.
The FSA’s digital transformation efforts have reached 93% in 2024, with its Digital Transformation Competence Index rising to 84%, underscoring its commitment to regulatory efficiency and financial market advancement.
Source : www.zawya.comRelated Posts
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