Category: Royal Decree

Arabic We, Qaboos bin Said, the Sultan of Oman after perusal of the Basic Statute of the State issued by Royal Decree 101/96, Royal Decree 36/97 Recomposing the Board of Governors of the Central Bank of Oman, and Royal Decree 114/2000 Issuing the Banking Law, and in pursuance of public interest,

have decreed as follows

Article I

The Board of Governors of the Central Bank of Oman is hereby formed under Our chairmanship and the membership of the following:

1. Dr Ali bin Mohammed bin Moosa—Deputy Chairman

2. Sheikh Salim bin Hilal bin Ali Al-Khalili

3. Hamoud bin Sangour bin Hashim Al-Zadjali

4. Yahya bin Mohammed bin Naseeb

5. Salim bin Abdullah bin Said Al-Rawas

6. A representative of the Ministry of Finance

The membership is for a period of five years from the date of entry into force of this decree.

Article II

All that is contrary to this decree, or in conflict with its provisions, is hereby repealed.

Article III

This decree must be published in the Official Gazette, and comes into force on 11 June 2002. Issued on: 25 Rabi Al-Thani 1423 Corresponding to: 6 July 2002

Qaboos bin Said Sultan of Oman

Published in Official Gazette 723 issued on 15 July 2002.

Arabic

We, Qaboos bin Said, the Sultan of Oman

after perusal of the Basic Statute of the State issued by Royal Decree 101/96,

and the Agreement Establishing a Free Trade Zone Between the Sultanate of Oman and the Republic of Iraq signed in Muscat on 13 April 2002,

and in pursuance of public interest,

have decreed as follows

Article I

The mentioned Agreement Establishing a Free Trade Zone Between the Sultanate of Oman and the Republic of Iraq is hereby ratified.

Article II

This decree must be published in the Official Gazette, and comes into force on the date of its issuance.

Issued on: 25 Rabi Al-Thani 1423
Corresponding to: 6 July 2002

Qaboos bin Said
Sultan of Oman

Published in Official Gazette 723 issued on 15 July 2002.

Arabic

We, Qaboos bin Said, the Sultan of Oman

after perusal of the Basic Statute of the State issued by Royal Decree 101/96,

Royal Decree 10/99 Increasing the Capital of the Central Bank of Oman,

and Royal Decree 114/2000 Issuing the Banking Law,

and in pursuance of public interest,

have decreed as follows

Article I

The capital of the Central Bank of Oman is hereby increased from two hundred and fifty million Rial Omani to three hundred million Rial Omani.

Article II

The Central Bank of Oman shall transfer the increase stipulated in article I of this decree from the general reserve account of the bank.

Article III

This decree must be published in the Official Gazette, and comes into force on 1 April 2002.

Issued on: 25 Rabi Al-Thani 1423
Corresponding to: 6 July 2002

Qaboos bin Said
Sultan of Oman

Published in Official Gazette 723 issued on 15 July 2002.

Arabic

We, Qaboos bin Said, the Sultan of Oman

after perusal of the Basic Statute of the State issued by Royal Decree 101/96,

and the Civil Service Law issued by Royal Decree 8/80 and its amendments,

and in pursuance of public interest,

have decreed as follows

Article I

Said bin Salim bin Tamteem Ghawwas Al-Kathiri is hereby appointed an advisor to the Ministry of Social Development with the grade of undersecretary of a ministry.

Article II

This decree must be published in the Official Gazette, and comes into force on the date of its issuance.

Issued on: 25 Rabi Al-Thani 1423
Corresponding to: 6 July 2002

Qaboos bin Said
Sultan of Oman

Published in Official Gazette 723 issued on 15 July 2002.

This item was repealed by Royal Decree 38/2025.

Consolidated Text Arabic

Published in Official Gazette 720 issued on 1 June 2002.

Arabic Auto Translate

Published in Official Gazette 720 issued on 1 June 2002.

Arabic

We, Qaboos bin Said, the Sultan of Oman

after perusal of the Basic Statute of the State issued by Royal Decree 101/96,

the Commercial Companies Law 4/74 and its amendments,

the Financial Law issued by Royal Decree 47/98 and its amendments,

and Royal Decree 18/97 Establishing an Omani Public Joint Stock Company Named “Oman Development Bank”,

and in pursuance of public interest,

have decreed as follows

Article I

The text of Article 7 of the Annex to the Constitutive Provisions of the Oman Development Bank SAOG attached to the mentioned Royal Decree 18/97 is hereby replaced with the following text:

The bank must be managed by a board of directors consisting of a chairman and four members representing the Ministry of Finance, Ministry of National Economy, Ministry of Commerce and Industry, and Ministry of Agriculture and Fisheries. It is permitted for two members of competence and experience nominated by the ordinary general meeting of the bank to be added to them.

The appointment of the chairman and members must be issued by a decision by the Council of Ministers on the basis of a proposal by the minister supervising the Ministry of Finance. The representative of this ministry must be the deputy chairman to replace him in the event of his absence or if he is unable to attend.

Article II

This decree must be published in the Official Gazette, and comes into force on the date of its issuance.

Issued on: 5 Rabi Al-Awwal 1423
Corresponding to: 18 May 2002

Qaboos bin Said
Sultan of Oman

Published in Official Gazette 720 issued on 1 June 2002.

Arabic

We, Qaboos bin Said, the Sultan of Oman

after perusal of the Basic Statute of the State issued by Royal Decree 101/96,

and the Cartagena Protocol on Biosafety to the Convention on Biological Diversity,

and in pursuance of public interest,

have decreed as follows

Article I

The mentioned Cartagena Protocol on Biosafety to the Convention on Biological Diversity is hereby ratified.

Article II

This decree must be published in the Official Gazette, and comes into force on the date of its issuance.

Issued on: 5 Rabi Al-Awwal 1423
Corresponding to: 18 May 2002

Qaboos bin Said
Sultan of Oman

Published in Official Gazette 720 issued on 1 June 2002.

Arabic

We, Qaboos bin Said, the Sultan of Oman

after perusal of the Basic Statute of the State issued by Royal Decree 101/96,

and the Insurance Companies Law issued by Royal Decree 12/79 and its amendments,

and in pursuance of public interest,

have decreed as follows

Article I

The text of article 59 of the mentioned Insurance Companies Law is hereby replaced with the following text:

The minister may impose on insurance companies subject to the provisions of this law a proportional fee calculated on the total direct premiums due to the company for all policies during the year, provided that this fee does not exceed 4% for all insurance operations.

Article II

A new article numbered 59bis is hereby added to the mentioned Insurance Companies Law with the following text:

A fund named the “Insurance Emergency Fund” is hereby established in the ministry to assist in resolving crises facing the insurance sector in the Sultanate.

This fund must be financed by a percentage of the fees stipulated in article 59 of this law. The minister shall issue a decision specifying this percentage and any other resources for the fund, stating the cases in which assistance is provided, and governing work in the fund.

Article III

This decree must be published in the Official Gazette, and comes into force on the date of its publication.

Issued on: 22 Safar 1423
Corresponding to: 5 May 2002

Qaboos bin Said
Sultan of Oman

Published in Official Gazette 719 issued on 15 May 2002.