We, Qaboos bin Said, the Sultan of Oman
after perusal of the Basic Statute of the State issued by Royal Decree 101/96,
and Royal Decree 67/2000 Regarding Some Provisions of Higher Education Institutes and its amendments,
and in pursuance of public interest,
have decreed as follows
Article I
The text of article 4 of the mentioned Royal Decree 67/2000 is hereby replaced with the following text:
The government shall grant private universities the equivalent of 50% of the paid-up capital of the university, with a maximum of three million Rial Omani, in accordance with the conditions and controls set by the competent entity.
Article II
This decree must be published in the Official Gazette, and comes into force on the date of its publication.
Issued on: 8 Jumada Al-Awwal 1422
Corresponding to: 27 August 2001
Qaboos bin Said
Sultan of Oman
Published in Official Gazette 702 issued on 1 September 2001.