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CMA issues new rules for initial public offerings

CMA issues new rules for initial public offerings By: Times News Service Muscat: A decision approving new rules for specifying the price of shares in initial public offerings (IPOs) was issued by Sheikh Abdullah Salim Al Salmi, Executive President of the Capital Market Authority (CMA) on Wednesday. The move is aimed to regulate the issuance of IPOs by specifying the methods for the determination of the prices of shares in public offerings and the procedures to be followed to ensure a sound pricing process. Decision No. 43/2021 was issued based on the Regulation for Public Joint Stock Companies which was issued earlier this year.

CMA issues new rules for IPOs

CMA issues new rules for IPOs CMA bldg SHARE Sheikh Abdullah Salim al Salmi, Executive President of the Capital Market Authority has issued a decision approving new rules for specifying the price of shares in public offerings which aim to regulate the issuances in an initial public offering through specifying the methods for determination of the prices of shares in public offerings and the procedures to be followed to ensure sound pricing process. Decision No. 43/2021 was issued based on the Regulation for Public Joint Stock Companies, which was issued earlier this year. On the importance of the rules, Mohammed Said al Abri, Vice President, Capital Market Sector said the new rules for specifying the offering prices will contribute to enhancing the readiness of the legislative infrastructure of the initial offerings in Oman through providing a clear legal framework for the mechanism of specifying the offering price for the companies desirous of converting fro