Muscat
launched 5 digital teleconferencing platforms for companies involved in licensed securities to engage in brokerage activity.
These platforms are concerned with providing a unified and integrated digital terminal in each brokerage company that facilitates the investment process in the capital market and makes investment faster and more efficient, which will be positively reflected in the activation of trading operations on the Muscat Stock Exchange.
These platforms keep pace with regulatory requirements in modern financial markets, according to a methodology that contributes to the improvement of services and ensures data protection, thereby enhancing investors’ confidence.
These platforms are owned by Aubar Financial Investment Company, United Securities Company, International Securities Company, Jabal Asset Management Company and CFI Finance Company, in cooperation with all relevant entities represented by the National Financial Sustainability and Financial Sector Development Program (Sustainability), Muscat Stock Exchange, Muscat Cland Deposit, and Oman Center.
H.E. Abdullah bin Salim Al Salmi, Chief Executive Officer of the Financial Services Authority, said that these platforms were a qualitative shift and added value; Contribute to facilitating access to services and procedures for individuals and institutions of different portfolio sizes to enter the world of investment in the Omani capital market through a unified and integrated terminal.
He explained that digital platforms will be a gateway to investing in the stock market, specifically the Muscat Stock Exchange investor “, considering that the investor can easily and easily complete the investment procedures and steps, The investor can choose the digital platform of the licensed company to engage in the brokerage activity through which an investor account can be obtained, stock can be booked, sale and purchase orders can be sent to the securities, remittances procedures and other benefits.
His Excellency called on all companies licensed by financial brokerage activity to complete the readiness of their electronic platforms in 2025, to ensure a comprehensive digital transformation of the Omani capital market, noting the importance of enhancing investor confidence and attracting new capital, thereby consolidating the Sultanate of Oman’s position as an attractive and sophisticated financial centre.
