Muscat: The Financial Services Authority has unveiled the regulatory framework for the Promising Companies Index, as part of the Royal Decree's implementation to establish a specialized sub-index within the Muscat Stock Exchange titled "Promising Companies Index."

According to Oman News Agency, this initiative is aimed at developing the legislative and regulatory infrastructure of the capital market sector. It seeks to improve national companies' access to financing tools and to gradually integrate them into the main market through carefully structured phases.

The framework is designed to regulate the procedures and conditions for enlisting promising companies in the new index. It enables startups, small and medium enterprises (SMEs), and private and family-owned businesses to take advantage of simplified listing and trading mechanisms. These mechanisms are set within a regulatory environment tailored to the unique nature of these companies. Additionally, the framework provides financial and operational incentives that are essential for supporting the sustainability and growth of these enterprises.