Muscat Stock Exchange (MSX) has issued a decision to transfer the listing of a number of public shareholding companies from the parallel market to the regular market and from the follow-up market to the parallel market and vice versa, with effect from Sunday 7 May 2023.

The decision stipulated changes taking place in the regular market vide which the listing of firms of Oman Flour Mills, Oman Cables Industry, Al Omaniya Financial Services, Ahli Bank, Taajeer Finance and Dhofar Generating Company were transferred from the regular market to the parallel market. This was due to the fact that they did not adhere to several criteria for listing in the regular market.

The decision transferred Oman and Emirates Holding Company, HSBC Bank Oman, United Finance, Bank Dhofar, SMN Power Holding and Al Madina Takaful from the parallel market to the regular market, due to their commitment to all conditions and criteria required for listing in the regular market.

Meanwhile, Al Madina Investment Holding Company was transferred from the follow-up market to the parallel market for meeting the standard set for shareholder rights. National Aluminum Products Company and Omani Fisheries Company were transferred from the parallel market to the follow-up market for violating the standard set for shareholder rights.

Source: Oman News Agency