Category: Royal Decree

Arabic

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,

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

the Securities Law promulgated by Royal Decree 46/2022,

and Royal Decree 20/2024 Establishing the Financial Services Authority and Issuing 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.

Arabic We, Haitham bin Tarik, the Sultan of Oman after perusal of the Basic Statute of the State, and Royal Decree 88/2022 Determining the Official Holidays, and in pursuance of public interest,

have decreed as follows

Article I

The text of Article I(First:)(d) of the aforementioned Royal Decree 88/2022 is hereby replaced with the following clause:

(d) National Day of the Sultanate of Oman.

20 and 21 November.

Article II

This decree must be published in the Official Gazette, and comes into force on the date of its issuance. Issued on: 21 Rajab 1446 Corresponding to: 21 January 2025

Haitham bin Tarik Sultan of Oman

Published in Official Gazette 1581 issued on 26 January 2025.

Arabic

We, Haitham bin Tarik, the Sultan of Oman

after perusal of the Basic Statute of the State,

the Mineral Resources Law promulgated by Royal Decree 19/2019,

and the Exploration and Mining Concession Agreement between the Sultanate of Oman and Wusta Mining Company LLC for Block 51F signed on 9 October 2024,

and in pursuance of public interest,

have decreed as follows

Article I

The aforementioned exploration and mining concession agreement is hereby approved.

Article II

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

Issued on: 9 Rajab 1446
Corresponding to: 9 January 2025

Haitham bin Tarik
Sultan of Oman

Published in Official Gazette 1579 issued on 13 January 2025.

Arabic

We, Haitham bin Tarik, the Sultan of Oman

after perusal of the Basic Statute of the State,

the Mineral Resources Law promulgated by Royal Decree 19/2019,

and the Exploration and Mining Concession Agreement between the Sultanate of Oman and Oman Chromite Company SAOG for Block 11A signed on 9 October 2024,

and in pursuance of public interest,

have decreed as follows

Article I

The aforementioned exploration and mining concession agreement is hereby approved.

Article II

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

Issued on: 9 Rajab 1446
Corresponding to: 9 January 2025

Haitham bin Tarik
Sultan of Oman

Published in Official Gazette 1579 issued on 13 January 2025.

Arabic We, Haitham bin Tarik, the Sultan of Oman after perusal of the Basic Statute of the State, and the Penal Law promulgated by Royal Decree 7/2018, and in pursuance of public interest,

have decreed as follows

Article I

The text of article 71 of the aforementioned Penal Law is hereby replaced with the following text:

Article 71

With the exception of punishments imposed for state security crimes, crimes that prejudice the stature of the state, and terrorism and terrorism financing crimes, the court may, when adjudicating a fine or an imprisonment punishment for a period less than 3 (three) years, order in the sentence a stay of execution, if it sees from the morals of the convict, his history, his age, or the circumstances under which the crime was committed a reason to believe that he will not return to committing a crime, provided he has a known place of residence.

The court may order the stay of execution to be inclusive of the penal effects arising out of the sentence, or any ancillary or complementary punishment except confiscation.

Article II

This decree must be published in the Official Gazette, and comes into force on the day following the date of its publication. Issued on: 7 Rajab 1446 Corresponding to: 7 January 2025

Haitham bin Tarik Sultan of Oman

Published in Official Gazette 1579 issued on 13 January 2025.

Arabic We, Haitham bin Tarik, the Sultan of Oman after perusal of the Basic Statute of the State, and Royal Decree 8/2025 Adopting the Organisational Structure of Royal Court Affairs, and in pursuance of public interest,

have decreed as follows

Article I

Brigadier Dr Saif bin Zahir bin Saif Al-Salmi is hereby promoted to the rank of Major General and appointed Head of the Affairs of the Special Medical Unit in Royal Court Affairs.

Article II

This decree must be published in the Official Gazette, and comes into force on the date of its issuance. Issued on: 1 Rajab 1446 Corresponding to: 1 January 2025

Haitham bin Tarik Sultan of Oman

Published in Official Gazette 1578 issued on 5 January 2025.