Ibra: A specialized awareness session on the promotional campaign for the Incentive Program and the Promising Startups Index was held today in Ibra, North A'Sharqiyah Governorate. The event was organized by Muscat Stock Exchange and the National Program for Fiscal Sustainability and Financial Sector Development "Estidama" in collaboration with the North A'Sharqiyah branch of Oman Chamber of Commerce and Industry.
According to Oman News Agency, the session highlighted the objectives of the Incentive Program and the Promising Startups Index, focusing on key incentives for closed and family-owned companies, along with regulatory and technical requirements. It also introduced the program components designed to support businesses in transitioning to listed companies on Muscat Stock Exchange.
Furthermore, the session outlined the incentive program's three main pathways: 'transformation to Public Joint Stock Companies'; 'Launch of the Promising Startups Index'; and the 'Conversion to Closed Joint Stock Companies'.
The awareness session aimed to enhance investment literacy among entrepreneurs and investors regarding the Promising Startups Index, foster integration between financial institutions, stimulate SME participation in capital markets, and encourage companies to adopt modern management and financing models.
