FEAS Yearbook FEAS Yearbook 2008 | Page 48

FEDERATION OF EURO-ASIAN STOCK EXCHANGES SEMI ANNUAL REPORT OCTOBER 2008 MUSCAT SECURITIES MARKET Ahmed Saleh Al-Marhoon Director General We are continuously working on developing and operating an efficient and transparent securities market to the best standards expected by our local and foreign investors. We believe that exchanges that adhere to good governance, greater transparency and greater accountability, are able to foster investors’ confidence as well as creating an attractive investment environment. We at Muscat Securities Market (MSM), however, have devised a comprehensive road map that enables us to build capacity and promote sustainable capital market development strategy specifically aimed at improving access to the regional and international capital markets. The MSM recently revised its legislation with respect to listing, trading and clearance and settlement regulations to enable the MSM cater for our market demand. In view of the above the MSM recently revised its legislation with respect to listing, trading and clearance and settlement regulations to enable the MSM to cater to our market demand. We are endeavoring to strengthen our experience for a more scientifically built stock market. FUTURE OUTLOOK • Diversification of our investment tools. The MSM is now in the process of listing Exchange Traded Funds (ETFs) • Activating the Primary Market for new issues. • Improving our technological systems to cope the development in the trading, clearance and settlement operations. • Transformation of family enterprises into public joint stock companies. • Increasing investment funds which are specialized in dealing on securities. • Attracting foreign investments. CONTACT INFORMATION Contact Name Mr. Talal H. Al Nasseb E-mail [email protected] Website www.msm.gov.om PAGE 48