We, Haitham bin Tarik, the Sultan of Oman
after perusal of the Basic Statute of the State,
the Commercial Companies Law promulgated by Royal Decree 18/2019,
the System of the Administrative Apparatus of the State promulgated by Royal Decree 75/2020,
the Securities Law promulgated by Royal Decree 46/2022,
and Royal Decree 20/2024 Establishing the Financial Services Authority and Promulgating Its System,
and in pursuance of public interest,
have decreed as follows
Article I
A sub-market is hereby established in the Muscat Stock Exchange SAOC named the “Rising Companies Market”.
Article II
The Financial Services Authority shall supervise and control companies listed on the Rising Companies Market.
Article III
The Chairman of the Board of Directors of the Financial Services Authority shall issue the regulations and decisions necessary to implement the provisions of this decree, as well as the incentives and facilities granted to companies listed on the Rising Companies Market, in coordination with the relevant entities.
Article IV
This decree must be published in the Official Gazette, and comes into force on the date of its issuance.
Issued on: 5 Sha’ban 1446
Corresponding to: 4 February 2025
Haitham bin Tarik
Sultan of Oman
Published in Official Gazette 1583 issued on 9 February 2025.