Times of Oman
Cricket World Cup
Price in RO
24ct / gm
22ct / gm
Forex Rates vs R01
Back to Homepage
CMA plans to launch Oman SME exchange
Times News Service
January 20, 2014 , 3 : 11 pm GST
SAVE THIS ARTICLE
A view of the Capital Market Authority from the inside in Muscat. Photo - Supplied
The Sultanate's market watch-dog Capital Market Authority (CMA) is in an advanced stage to develop a small and medium enterprises (SME) capital market and exchange model for Oman.
The model is being developed in conjunction with some of the most successful SME markets in the world, and in coordination with the Ministry of Commerce and Industry and the Public Authority for SME Development, said a press release issued by CMA here.
"The objective of the exchange will be to support the development of SMEs across a wide range of growth enablers, to provide fair and attractive returns to investors and market participants, and to provide clients and suppliers of SMEs with better access to and information on the opportunities of doing business with SMEs," said the press release.
The CMA has undertaken a detailed assessment of various approaches used by capital markets and exchanges in the area of SMEs.
"This has included an assessment of the relative impact and benefits of these approaches on the overall development of SMEs, returns to investors and market participants, and benefits to clients and suppliers of SMEs," added the press release.
SMEs are an important source of new job and new wealth creation, and have the potential to make a significant contribution to the Oman economy.
The growth rate and level of success of SMEs can be improved and strengthened with support in a number of areas.
The CMA will conduct a consultation and review process with interested parties in the second quarter of 2014, and following consultation feedback expects to finalise plans in the summer of 2014, for immediate start of build and implementation thereafter.
Rate this Article
Rates : 0, Average : 0
Post a Comment
Did you like this section? Leave a comment!
Your Name :
Your Email Address :
Your Comment :
Enter Image Text:
No Comments Posted
Latest in this section
Oman cars: Much-awaited all-new Audi A7 now in the Sultanate
Ooredoo joins people in Oman in welcoming His Majesty Sultan Qaboos home
Oman cars: Two-day Nissan Xterra 2015 Desert Challenge proves to be a big success
Mother's Day celebration at City Centre Muscat & City Centre Qurum
Splash launches its own ‘Love Splash’ perfume line
TOP RATED ARTICLES
His Majesty Sultan Qaboos: Oman's inspirational leader who delivers
His Majesty Sultan Qaboos is role model leader for entire Muslim world: Pakistan Observer editor
Football: Oman sink Malaysia 6-0 in friendly
Times News Service
8 best tourist places you should visit in Oman
8 most famous Omanis who shot to fame by hard work
More in News
American travel, reportage photographer goes off his track in Oman
Whale sharks set for tagging to save species
Lewis Smith/The Independent
Sri Lanka restores blood-soaked railway to Tamil heartland
Bucharest 'khans' reborn after decades of neglect
More than just a moustache - Adolf Hitler vs Charlie Chaplin
More in Features
Can-do Lee Kuan Yew
His Majesty Sultan Qaboos has given Oman a sense of purpose
Now is the time to re-launch BDS movement against Israel
Are hands that rocked the MQM’s cradle its own?
Learn how to embrace the constraints
More in Columns
Muscat Media Group.
Times of Oman is not responsible for the content of external internet sites.
For reprint rights contact:
TOO Online Editorial