New chairman for Oman bourse watchdog
Muscat, November 19, 2012
Oman's stock market watchdog, the Capital Market Authority (CMA), has appointed Yahya bin Said Al Jabri as its chairman, the Muscat Securities Market website said on Monday.
The website did not elaborate but a CMA spokesman said Al Jabri, who in the past was president of the watchdog, had returned to replace Commerce and Industry Minister Ali bin Masoud Al Sunaidy as chairman.
The spokesman did not give a reason for the change, but said Al Jabri would simultaneously keep his post as chairman of the Special Economic Zone Authority at Duqm, a key industrial and trade hub under development.
A major current focus of the CMA is introducing Islamic finance into Oman. Both the CMA and the central bank have been drawing up a regulatory framework for the industry which is expected to be announced in coming months.
Abdullah Salem Al Salmi remains executive president of the CMA. - Reuters
Tags: Oman | Muscat | CMA | capital market |
More Finance & Capital Market Stories
- Islamic Development Bank triples capital
- Emirates NBD launches $1bn bond
- Kuwait budget surplus may hit $52 billion
- Peru road shows target Mideast markets
- EFG Hermes Q1 net profit up 27pc
- ADCB sells $300m of subordinated bonds
- Standard Chartered’s credit card wins award
- Emirates NBD seals Dubai tower deal
- Dar Al Arkan raises $450m from sukuk sale
- Barclays advises on equities over bonds
