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Bank Muscat Oryx Fund posts 13.4% gain during Nine Month period in 2019

Bank Muscat’s Oryx Fund registered industry leading gains of 13.4% during the nine month period ending September 30, 2019 as against a return of...

Capital Market Authority suspends eight audit firms for three months

The Capital Market Authority (CMA) has suspended eight audit firms from auditing the accounts of CMA-regulated companies, according to a statement released on its...

CMA creates fund to help companies with insurance payouts

Oman’s Capital Market Authority (CMA) has created a fund to assist local companies unable to offer insurance payouts to their employees. The fund will support...
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Sohar International rights issue oversubscribed; Tier 1 capital raised by OMR40m

Sohar International recently announced the successful closure of its rights issue with an oversubscription. This raises its Tier 1 capital by OMR 40m. In spite...