The Federation of Euro-Asian Stock Exchanges
Muscat Clearing and Depository
About Company
Established: 01.02.1999
Address: Sultanate of Oman Muscat - Ruwi P.O.Box:952 PC:112
Contact person: Ahmed Suliman Al-Kindi
Contact email: ahmedk@mcd.gov.om
Website: www.mcd.gov.om
- Joined FEAS in 2019-
Mohammed Said ALAbri
Chief Executive Officer
Company Achievements in 2024:
Completed the development of the Oman Stocks App as a unified platform offering company and Muscat Stock Exchange services, allowing investors to manage portfolios and receive funds remotely.
Introduced custodians as clearing members to enhance settlement efficiency and apply the Delivery Versus Payment (DVP) model.
Collaborated with the stock exchange to align systems with Central Bank of Oman requirements for listing treasury bills, as part of a new strategic focus.
Coordinated with the Financial Services Authority (FSA) and the exchange to accelerate the launch of short selling through the Securities Lending and Borrowing (SLB) service.
Sought ISO 9001:2015 certification to strengthen risk management and operational standards.
Prepared technical requirements for a new Central Securities Depository (CSD) system to replace UCSD, with added features to support capital market development.
Launched Phase 2 of the E-IPO program with digital tools for legal form changes, prospectus submissions, bonds, sukuk, and rights issues. It also introduced new links with authorized banks and issuance managers and supported price discovery for public offerings.
Continued developing the Omani Rial debt instruments market with key stakeholders.
Completed Phase 1 of the Investor Journey initiative, improving onboarding for Omani and resident investors and enabling seamless share transfers between accounts.
Future Projects 2025:
Expand the Oman Stocks App with new reports and investor-focused features.
Advance Phase 2 of the Investor Journey to include foreign and institutional investors.
Roll out the Rules Book to clarify company procedures and regulations, supported by stakeholder workshops.
Begin implementing the new CSD system to align with the company’s strategic direction and support broader capital market goals.
Launch the E-Payment system via the app and website for easier subscriptions and fee payments.
Build a platform for price discovery during public offerings.
Activate the Electronic Document and Records Management System (EDRMS) to organize, store, and retrieve digital records securely, supporting compliance and integration.
Implement Odoo ERP to unify company departments, improve workflow, reduce errors, support automation, and drive digital transformation.
Prepare infrastructure for post-trade processes in the Promising Companies Market.
Launch the e-Wallet to streamline reinvestment of trading and IPO returns, with brokerage integration for efficient fund management.
Year in review