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Ministerial Decision

Capital Market Authority: Decision 46/2021 Determining the Licence Fees of Muscat Stock Exchange SAOC

2021/46 46/2021

Arabic

Based on the Capital Market Law promulgated by Royal Decree 80/98,

Royal Decree 5/2021 Transforming Muscat Securities Market into a Closed Omani Joint Stock Company Named Muscat Stock Exchange SAOC,

the approval of the Board of Directors of the Capital Market Authority,

and the approval of the Ministry of Finance,

and in pursuance of public interest,

it is hereby decided

Article I

The licence fees of Muscat Stock Exchange SAOC are hereby determined in accordance with the attached schedule.

No Service Fee Amount   Due Date
1 Licence issuance 10,000,000
(ten million Rial Omani)
Upon submitting the licence application for the first time.
2 Annual fee 5% (five percent) annually of the total trading commissions and the third market commissions charged by the stock exchange. This percentage is doubled annually but up to a maximum of 35%. Its calculation begins on 1 January 2022 and is paid quarterly within 15 (fifteen) days from the end of the month of March, June, September, and December of each year.

Article II

This decision shall be published in the Official Gazette, and comes into force on the day following the date of its publication.

Issued on: 7 Ramadan 1442
Corresponding to: 20 April 2021

Sultan bin Salim bin Said Al-Habsi
Minister of Finance
Chairman of the Board of Directors of the Capital Market Authority

Published in Official Gazette 1389 issued on 25 April 2021.