We, Qaboos bin Said, the Sultan of Oman
after perusal of Royal Decree 26/75 Issuing the Law Governing the Administrative Apparatus of the State and its amendments,
the Omani Banking Law 7/74 and its amendments,
and Royal Decree 24/80 Increasing the Capital of the Central Bank of Oman,
and in pursuance of public interest,
have decreed as follows
Article 1
The authorised capital of the Central Bank of Oman is hereby increased from twenty million to fifty million Rial Omani, provided that the paid-up capital is set at fifty million Rial Omani.
Article 2
The capital increase referred to in article I of this decree shall be as follows:
– Ten million Rial Omani paid by the government in 1981.
– Ten million Rial Omani paid by the central bank from its profits and reserves.
– Ten million Rial Omani, which the central bank shall undertake to pay from its future reserves.
Article 3
All relevant entities shall implement this decree.
Article 4
This decree must be published in the Official Gazette, and comes into force on the date of its issuance.
Issued on: 10 Rajab 1401
Corresponding to: 14 May 1981
Qaboos bin Said
Sultan of Oman
Published in Official Gazette 217 issued on 16 May 1981.