December 06, 2022      
Last Data Update:06/12/2022
MSX News
ALBATINAH POWER - Initial Unaudited Preliminary Financials for the Period ended on 30 Sep 2022   -   NATIONAL FINANCE - Resignation of Deputy Chief Executive Officer   -   SOHAR POWER - Initial Unaudited Preliminary Financials for the Period ended on 30 Sep 2022   -   FAJAR ALAMIA - Link of discussion session   -   OMAN CHLORINE - Unclaimed Dividends year ended 31st December 2021   -   MUSCAT FINANCE - Resignation of Deputy Chief Executive Officer   -   OMAN CHLORINE - Announcement of the Group Internal Auditor   -   SAHARA HOSPITALITY - Un-audited Financial Results for 9 months ended 31 Aug 2022.   -   FAJAR ALAMIA - Announcements of Ordinary Meeting Resolutions   -   OMAN FLOUR MILLS - Corrective Declaration   -   OMAN OIL MARKETING - Resignation of General Manager International Retail   -   SOHAR INT. BANK - Rights Issue   -   OMAN NAT. ENG. - Tender Award   -   MUSCAT GASES - MSX Discussion Session-H1 2022   -   VISION INSURANCE - Link of discussion session   -   SMN POWER HOLDING - Appointment of Investor Relation Officer   -   SHELL OMAN MRK. - Impact of the partial power blackout on September 5, 2022   -   OMAN FISHERIES - Sales Agreement signed with Al Wusta Fisheries Company   -   SAHARA HOSPITALITY - Initial Unaudited Preliminary Financials for the Period ended on 31 Aug 2022   -   ASAFFA FOODS - Impact of the partial power blackout on September 5, 2022   -   SALALAH BEACH RESO - Link of discussion session   -   VISION INSURANCE - MSX Discussion Session – H1 2022   -   OMAN INVST& FIN.- Signing a Settlement Agreement with an Electricity Company   -   OMAN CHROMITE - Link of discussion session   -   HOTELS MN.CO.INT - Appointing a New CEO/ General Manager of the Company   -   FINANCIAL SERV. - Link of discussion session   -   AL ANWAR CERAMIC - Link of discussion session   -   OMANI EURO F.IND - Link of discussion session   -   DHOFAR GENERATING - Link of discussion session   -   Barka Water and Power - Link of discussion session   -   TAKAFUL OMAN - MSX Discussion Session – H1 2022   -   AL BATINAH DEV. - MSX Discussion Session – H1 2022   -   SEMBCORP SALALAH - Link of MSX Discussion Session - 1H2022   -   MADINA TAKAFUL - Link of Discussion Session H1 2022   -   OMAN REINSURANCE - MSX Discussion Session – H1 2022   -   AHLIA INSURANCE - MSX Discussion Session – H1 2022   -   NATIONAL BANK OMAN - MSX Discussion Session – H1 2022   -   OMAN REFRESHMENT - Link of Discussion Session - H1 2022   -   AL SUWADI POWER - link of Discussion Session – H1 2022   -   DHOFAR CATTLE - MSX Discussion Session – H1 2022   -   SOHAR INT. BANK - Increasing the Company`s Capital by Right Issue   -   MCT DESALINATE - MSX Discussion Session – H1 2022   -   AL ANWAR CERAMIC - MSX Discussion Session – H1 2022   -   NATIONAL FINANCE - MSX Discussion Session – H1 2022   -   MADINA TAKAFUL - MSX Discussion Session - H1 2022   -   DHOFAR GENERATING - MSX Discussion Session - H1 2022   -   DHOFAR BEVERAGES - MSX Discussion Session - H1 2022   -   SOHAR INT. BANK - Announcements of Extraordinary Meeting Resolutions   -   BARKA DESALINATION - MSX Discussion Session - H1 2022   -   Al MAHA MARKTING - MSX Discussion Session - H1 2022   -   Muscat Thread MILL - MSX discussion session – H1 2022   -   ALBATINAH POWER - MSX Discussion Session – H1 2022   -   AL SUWADI POWER - MSX Discussion Session – H1 2022   -   NATIONAL GAS - Reference to the Previous Disclosure Made on 15th August 2022   -   SEMBCORP SALALAH - MSX Discussion Session – 1H 2022   -   DHOFAR GENERATING - Resignation of Board Member   -   GLOBAL INV. H - Announcing the Resolutions of Board Meeting   -   RENAISSANCE SER. - Announcing the Resolutions of Board Meeting   -   GALFAR ENGINEER. - Announcing the Resolutions of Board Meeting   -   DHOFAR INT. - Announcing the Resolutions of Board Meeting   -   SALALAH PORT SR - Announcing the Resolutions of Board Meeting   -   OMAN CEMENT - Announcement on the appointment of Sohar Islamic bank as (MLA) for Company`s expansion project   -   BANK DHOFAR - Appointment of GM & Chief Retail Banking Officer   -   OMAN INVST& FIN. - Announcing the Resolutions of Board Meeting   -   OMAN OIL MARKETING - Un-Audited Financial results for the 6 months period ended 30 June 2022   -   RAYSUT CEMENT - Clarification on news circulating on social media   -   OMAN CHLORINE - Announcing the Resolutions of Board Meeting   -   ALANWAR INVESTMENT - Un-audited financial statement for first quarter ended 30 June 2022   -   OMAN CABLES INDSTR - Discussion Session Link 7-08-2022   -   AL SHARQIA INV. - Announcing the Resolutions of Board Meeting   -   OMAN TELECOM - Announcing the Resolutions of Board Meeting   -   SMN POWER HOLDING - Announcing the Resolutions of Board Meeting   -   OMAN FISHERIES - Announcements of Ordinary Meeting Resolutions   -   OMAN CABLES INDSTR - Discussion Session - H1 2022   -   SOHAR INT. BANK - Notice For Extra Ordinary General Meeting   -   MUSCAT INSURANCE - Announcing the Resolutions of Board Meeting   -   SHELL OMAN MRK. - Uploading of the unaudited Financial Statements for Q2 2022   -   CONSTRUCTION M.- Disclosure for Temporary Malfunction   -   SHELL OMAN MRK. - Announcing the Resolutions of Board Meeting   -   ASAFFA FOODS - Un-audited Financials ended 30th June 2022.   -   GULF STONES - Announcing the Resolutions of Board Meeting   -   DHOFAR INSURANCE - Announcing the Resolutions of Board Meeting   -   PHOENIX POWER - Announcing the Resolutions of Board Meeting   -   OMANI EURO F.IND - Announcing the Resolutions of Board Meeting   -   GULF HOTELS (OM) - Announcing the Resolutions of Board Meeting   -   AL SHARQIA INV. - Appointing a New General Manager of the Company   -   FINANCIAL CORP. - Appointment of General Manager   -   OMAN TELECOM - Initial Unaudited Preliminary Financials for the Period ended on 30 Jun 2022   -   AL ANWAR CERAMIC - Initial Unaudited Preliminary Financials for the Period ended on 30 Jun 2022   -   PHOENIX POWER - Initial Unaudited Preliminary Financials for the Period ended on 30 Jun 2022   -   HOTELS MN.CO.INT - Initial Unaudited Preliminary Financials for the Period ended on 30 Jun 2022   -   NATIONAL LIFE INS - Completion of Acquisition of RSA Middle East   -   OMAN REFRESHMENT - Initial Unaudited Preliminary Financials for the Period ended on 30 Jun 2022   -   ALBATINAH POWER - Initial Unaudited Preliminary Financials for the Period ended on 30 Jun 2022   -   FINANCIAL CORP. - Initial Unaudited Preliminary Financials for the Period ended on 30 Jun 2022   -   AL SUWADI POWER - Initial Unaudited Preliminary Financials for the Period ended on 30 Jun 2022   -   TAKAFUL OMAN - Announcements of Ordinary Meeting Resolutions   -   OMAN CABLES INDSTR - Initial Unaudited Preliminary Financials for the Period ended on 30 Jun 2022   -   SOHAR POWER - Initial Unaudited Preliminary Financials for the Period ended on 30 Jun 2022   -   NATIONAL FINANCE - Initial Unaudited Preliminary Financials for the Period ended on 30 Jun 2022   -   DHOFAR POULTRY - Initial Unaudited Preliminary Financials for the Period ended on 30 Jun 2022   -   DHOFAR CATTLE - Initial Unaudited Preliminary Financials for the Period ended on 30 Jun 2022   -   ALBATINAH HOTELS - Initial Unaudited Preliminary Financials for the Period ended on 30 Jun 2022   -   AL SHARQIA INV. - Initial Unaudited Preliminary Financials for the Period ended on 30 Jun 2022   -   NATIONAL LIFE INS - Notice For Ordinary General Meeting   -   SMN POWER HOLDING - Appointing a New CEO of the Company   -   UNITED FINANCE - Initial Unaudited Preliminary Financials for the Period ended on 30 Jun 2022   -   SOHAR POWER - Maturity date of the Company’s Loan   -   TAAGEER FINANCE - Initial Unaudited Preliminary Financials for the Period ended on 30 Jun 2022   -   BARKA DESALINATION - Initial Unaudited Preliminary Financials for the Period ended on 30 Jun 2022   -   OMAN REIT FUND - Announcements of Ordinary/Extraordinary Meeting Resolutions   -   AHLIA INSURANCE -Shareholding update on RSA Middle East   -   GULF MUSHROOM P - Initial Unaudited Preliminary Financials for the Period ended on 30 Jun 2022   -   SALALAH PORT SR - Appointing a New CEO of the Company   -   NATIONAL LIFE INS - Acquisition of RSA Middle East shares   -   OMAN FLOUR MILLS - Initial Unaudited Preliminary Financials for the Period ended on 30 Jun 2022   -   AHLIA INSURANCE - Resignation of Board Member   -   OMAN CHLORINE - Initial Unaudited Preliminary Financials for the Period ended on 30 Jun 2022   -   ALMAHA CERAMICS - Initial Unaudited Preliminary Financials for the Period ended on 30 Jun 2022   -   OMAN FLOUR MILLS - receiving a letter from the government regarding the wheat subsidy   -   SHARQIYAH DESALIN. - Initial Unaudited Preliminary Financials for the Period ended on 30 Jun 2022   -   AHLI BANK - Announcements of Extraordinary Meeting Resolutions   -   SALALAH MILLS - Receiving a letter From the government regarding the wheat subsidy   -   ALBATINAH POWER - Replacement of CEO   -   OMAN TELECOM - EXTENSION OF TARGETED LONG STOP DATE FOR THE SALE and LEASEBACK OF OMANTEL’S PASSIVE TOWERS INFRASTRUCTURE   -   OMAN REIT FUND - Distribution of Cash Dividends   -   BANK NIZWA - Election of Chairman of Sharia Supervisory   -   GALFAR ENGINEER. - Tender Award   -   AL HASSAN ENG. - Tender Award   -   MADINA TAKAFUL - Disclosure of Material Facts   -   TAKAFUL OMAN - List of Board Nominees   -   MAJAN COLLEGE - Announcing the Resolutions of Board Meeting   -   GALFAR ENGINEER. - Tender Award   -   OMAN OIL MARKETING - Appointment of Internal Audit manager   -   OMAN ARAB BANK - Disclosure on the court verdict in relation to the fraud case   -   SOHAR POWER - The Maturity date of the Company’s Loan   -   SOHAR POWER - Appointing a New CEO of the Company   -   OMAN NAT. ENG. - Tender Award   -   OMAN REIT FUND - Nominees for Board Members in Extra Ordinary General Meeting & Ordinary General Meeting   -   GULF STONES - Increasing the Company`s Capital by Right Issue   -   AL MADINA INV. - Nominees for Board Members in Annual General Meeting   -   OMAN REIT FUND - Notice For Extra Ordinary General Meeting & Ordinary General Meeting   -   ALANWAR INVESTMENT - Announcements of Ordinary Meeting Resolutions   -   NATIONAL LIFE INS - Announcements of Extraordinary Meeting Resolutions   -   Barka Water and Power - Loan Agreement Amendments and Deferred Repayment date   -   OMAN REIT FUND - To postponement the distribution of Dividend for the first quarter   -   SOHAR POWER - Announcements of Ordinary/Extraordinary Meeting Resolutions   -   TAKAFUL OMAN - Notice For Ordinary General Meeting   -   SOHAR POWER - Disclosure: Clarification   -   OMAN NAT. ENG. - Issue of Judgement to the benefit of ONEIC   -   AHLI BANK - Notice For Extra Ordinary General Meeting   -   TAKAFUL OMAN - Announcing the Resolutions of Board Meeting   -   HSBC BANK OMAN - possible merger with Sohar International Bank   -   SAHARA HOSPITALITY - Initial Unaudited Preliminary Financials for the Period ended on 31 May 2022   -   SOHAR INT. BANK - Board Resolution on Strategic Growth and Capital Planning   -   SOHAR INT. BANK - Merger with Bank Nizwa   -   SOHAR INT. BANK - Intent to merge with HSBC Bank Oman   -   OMAN NAT. ENG. - Tender Award   -   AMAN REAL ESTATE - Resignation & Replacing of Board Member   -   OMAN CHROMITE - In reference to the investment agreement   -   AL BATINAH DEV. - Disclosure of the developments of the project of establishing the subsidiary company   -   OMAN NAT. ENG. - Tender Award   -   OMAN NAT. ENG.-Tender Award   -   TAAGEER FINANCE - Disclosure for Replacing of Board Member   -   BANK MUSCAT - Successful Full Redemption of Meethaq Sukuk Series 1   -   TAKAFUL OMAN - Appointment of Head of Internal Audit   -   TAKAFUL OMAN - Increasing the Company`s Capital by Right Issue   -   AL MADINA INV.-Notice For Annual General Meeting   -   TAKAFUL OMAN - Disclosure of Capital Market Authority Letter   -   OMAN EDU TRAINING - Initial Unaudited Preliminary Financials for the Period ended on 31 May 2022   -   MAJAN COLLEGE - Initial Unaudited Preliminary Financials for the Period ended on 31 May 2022   -   OMAN REIT FUND - Announcing the Resolutions of Board Meeting   -   NATIONAL GAS - Resignation of the Chief Operating Officer   -   MUSANDAM POWER - Announcing the signing of the Renewal of the O&M Agreement with Wartsila Muscat LLC   -   AHLIA INSURANCE - Announcing the Resolutions of Board Meeting   -   OMAN OIL MARKETING - Appointment of Acting CFO   -   ALUMINIUM PROD. - Appointing Board Member   -   SOHAR POWER - Notice For Ordinary General Meeting   -   OMAN INVST& FIN. - Tender Award   -   AL MADINA INV. - Announcing the Resolutions of Board Meeting   -   Barka Water and Power - Loan Agreement Amendments and Deferred Repayment date   -   AL HASSAN ENG. - Resignation of HR General Manager   -   AL MADINA INV - The lawsuit against the company by one of its partners in a subsidiary company.   -   BANK DHOFAR - Appointing a New General Manager of the Company   -   OMAN EMIRATES HO. - Sale of Oman & Emirates Investment Holding Company SAOG`s stake in Octal Holding.   -   BANK MUSCAT - Sale of Bank Muscat’s stake in Octal Holding   -   ALUMINIUM PROD. - Resignation of Board Member   -   OMAN INVST& FIN. - Renewal of Collection Contract with Haya Diam   -   ALMAHA CERAMICS - Acquisition of 45% of Al Hael Ceramics Company   -   DHOFAR INSURANCE - Decisions of the general meeting of Bondholders   -   ALANWAR INVESTMENT - Proposal for Cash Dividends   -   OMAN NAT. ENG. - Tender Award   -   AHLIA INSURANCE - Announcing the Resolutions of Board Meeting   -   OMAN UNITED INSUR - Appointment of Compliance Officer   -   DHOFAR INSURANCE - Disclosure to shareholders and bondholders   -   OMAN NAT. ENG - Tender Award   -   TAKAFUL OMAN - Rights Issue Prospectus   -   GULF STONES - Disclosure of Contingencies   -   ARABIA FALCON INS. - Resignation of board secretary and appointment of a new board secretary   -   OMAN FISHERIES - OFC Signed commercial fishing agreement with the Irish company   -   UNITED FINANCE - Appointment of Chief Business Officer   -   SOHAR POWER - The Board of Directors resolution by circulation on May 16, 2022   -   TAKAFUL OMAN - Increasing the Company`s Capital by Right Issue   -   ALBATINAH HOTELS - Announcement of the appointment of a financial manager   -   FINANCIAL SERV. - Appointment of an Investment Manager   -   DHOFAR INSURANCE - Invitation to the General Meeting for Bondholders   -   RENAISSANCE SER. - Invitation to Investors and Analysts Meet – Q1 2022   -   GLOBAL INV. H - Announcing the Resolutions of Board Meeting   -   OMAN NAT. ENG. - Tender Award   -   GALFAR ENGINEER - Announcing the Resolutions of Board Meeting   -   OMINVEST - Unaudited Interim Condensed Financial Statements for the Three-Month Period Ended 31 March 2022   -   VOLTAMP ENERGY - Announcing the Resolutions of Board Meeting   -   OMAN EMIRATES HO - Announcing the Resolutions of Board Meeting   -   RENAISSANCE SER - Announcing the Resolutions of Board Meeting   -   SMN POWER HOLDING - Announcing the Resolutions of Board Meeting   -   MINERAL WATER - Announcing the Resolutions of Board Meeting   -   OMAN OIL MARKETING - Announcing the Resolutions of Board Meeting   -   FAJAR ALAMIA - Announcing the Resolutions of Board Meeting   -   COMPUTER ST.IND - Announcing the Resolutions of Board Meeting   -   OMAN INVST& FIN - Announcing the Resolutions of Board Meeting   -   ACWA POWER BARKA - Loan Agreement Amendments and Deferred Repayment date   -   OMAN CHLORINE - Announcing the Resolutions of Board Meeting   -   OMAN REIT FUND - Generic Disclosure   -   DHOFAR CATTLE - Announcing the Resolutions of Board Meeting   -   SALALAH MILLS - Announcing the Resolutions of Board Meeting   -   MUSCAT GASES - Appointment of new Deputy Chairman   -   Muscat Clearing and Depository Company announces the interest payment of GDB ISSUE 60   -   Capital Decrease of CONSTRUCTION MATERIALS Co. SAOG (50-2022)   -   Muscat Clearing and Depository Company announces the interest payment of GDB ISSUE 49   -   Muscat Clearing and Depository Company announces the interest payment of GDB ISSUE 67   -   Muscat Clearing and Depository Company announces the interest payment of OMAN ARAB PER SUB BONDS   -   OMAN FIBER announces cash dividends distribution   -   Capital Decrease of GULF STONE company (47-2022)   -   Capital Increase of TAAGEER FINANCE Co. SAOG (44-2022)   -   AL HASSAN ENG. : Notice For Extra Ordinary General Meeting   -   RAYSUT CEMENT : Notice For Ordinary General Meeting   -   SOVEREIGN SUKUK ISSUE 4 announces cash dividends distribution   -   Muscat Clearing and Depository Company announces the interest payment of AHLI BANK PERPETUAL BONDS 2017   -   GULF HOTELS (OM) : Notice For Ordinary General Meeting   -   Muscat Clearing and Depository Company announces the interest payment of AL OMANIYA FINANCIAL BONDS 2019   -   Muscat Clearing and Depository Company announces the interest payment of GDB ISSUE 58   -   Muscat Clearing and Depository Company announces the interest payment of AL OMANIYA FINANCIAL BONDS 2018   -   Muscat Clearing and Depository Company announces the interest payment of AL OMANIYA FINANCIAL BONDS 2020   -   OMAN UNITED INSURANCD announces cash dividends distribution   -   Muscat Clearing and Depository Company announces the interest payment of OMINVEST PERPETUAL SUKUK   -   ARABIA FALCON INSURANCE announces cash dividends distribution   -   NAT. PHARMACEUTICAL IND.SAOC. announces cash dividends distribution   -   RENAISSANCE SERVICES announces cash dividends distribution   -   AL AHLIA INSURANCE announces cash dividends distribution   -   EMTIAZ AL AHLIA announces cash dividends distribution   -   NATIONAL FINANCE announces cash dividends distribution   -   VOLTAMP ENERGY announces cash dividends distribution   -   OMAN INVETMENT&FINANCE announces cash dividends distribution   -   GLOBAL FINANCIAL INVESTMENT announces cash dividends distribution   -   OMAN REFRESHMENT announces cash dividends distribution   -   BANK NIZWA announces cash dividends distribution   -   OMAN OIL MARKETING announces cash dividends distribution   -   HSBC BANK OMAN announces cash dividends distribution   -   OMAN OIL MARKETING (PREF) announces cash dividends distribution   -   FINCORP announces cash dividends distribution   -   Capital Increase of ALMADINA INVESTMENT Co. SAOG (38-2022   -   AHLI BANK announces cash dividends distribution   -   TAAGEER FINANCE announces cash dividends distribution   -   DHOFAR INSURANCE announces cash dividends distribution
MSX Price

Settlement Guarantee fund

Definition of Settlement Guarantee Fund

Is a financial base in which the settlement members contribute to ensure the fulfillment of obligations arising from securities trading processes executed in the trading system at Muscat Stock Exchange (MSX). The Fund includes in its membership all settlement members whom the settlement is performed directly on their accounts in the commercial banks through the Settlement Account registered in the name of MCD at the CBO.
 
Objectives and Responsibilities of the Settlement Guarantee Fund
  • Ensure that the settlement obligations arising from the trading of securities listed in MSX are fulfilled (through the Guarantee Fund ensures the settlement of all trading processes on the Settlement Day).
  • Encourage domestic and foreign investments to trade in the MSX (by ensuring that they receive their rights at the specified time).
  • To fulfil the obligations arising from the dealing in securities for which clearing and settlement operations are executed by MCDC as follows:
  • 1- Covering the cash deficit resulting from the failure of the buyer member in payment.
    2- Covering the deficit in securities resulting from the failure of the seller member in delivery.
Fund Management
The Fund`s management and supervision shall be operated by a committee, formed in accordance with the provisions of Article (26) of the Clearing and Settlement Regulation, of (6) members headed by a representative of Muscat Clearing Depository Company, members representatives of each of CMA and MSX, two representatives of the companies working in securities and another member of the Company, as follows:
 

No

Name

Position

Represent

1

Mohammed Abdulhadi Hasan Dhiyab

Chairman of the Committee

Muscat clearing & Depository Company

3

Bader Homood Al Hinai

Vice President

Muscat Stock Exchange

4

Salem bin Khamis Al Balushi

Member

Muscat clearing & Depository Company

5

Ahmed Marhoon Al Farsi

Member

Securities companies

6

Hamad Mohammed Al Salti

Member

Securities companies

7

Nabila Khalfan AlHamhami

Secretary

Muscat clearing & Depository Company

Competency and duties of the Settlement Guarantee Fund Committee
    • Approve the general policies of the Fund.
    • Ensure that the Fund`s money is used for the purposes for which it was established and to invest its money in the aspects specified in this Regulation.
    • Open accounts in the name of the Fund at the banks in which the balances of the Fund are deposited, and grant authorizations on such accounts on behalf of the Fund.
    • Obtain an insurance policy against risks of the Fund if it deemed necessary.
    • Issue instructions to the banks in which moneys of the Fund are deposited, to withdraw money from the Fund’s accounts, within the limits of the deficit, to complete the financial settlement process between the members.
    • Follow-up collection of Fund’s claims at the members and others.
    • Selling or liquidating any of the Fund`s assets to serve the interest of the Fund.
    • Borrow or obtain credit facilities to pay the settlement obligations with the guarantee of the assets of the Fund, and each member shall bear the cost attributed to it of such loans.
    • Submit any proposal that it deems appropriate for the development of the Fund`s business and present it to the concerned authorities for approval.
    • Appoint qualified staff required to manage the Fund and execute the related work.
    • Settle the administrative expenses of the Fund.
    • Determine the amounts owed by members who failed to settle their obligations which the Fund has covered on their behalf.
Governing Regulations of the Fund

The Regulation of Clearing and Settlement includes the provisions governing the Settlement Guarantee Fund in Chapter V of the Regulation.
Chapter Five (Regulation of Clearing & Settlement Provisions)
Settlement Guarantee Fund


Article (24)A fund called "Settlement Guarantee Fund" shall be established and shall enjoy legal personality and financial and administrative independence. It shall aim to ensure timely settlement of trading operations. The Fund shall include in its membership all companies operating in the field of securities licensed for brokerage activity. The Committee may grant memberships to other licensed companies in the field of securities.
Article (25)
The Responsibility of the Fund is limited to fulfilling the obligations arising from dealing in securities for which clearing and settlement trades are carried out by the Company as follows:
  • Covering the cash deficit resulting from the failure of the buyer member in payment.
  • Covering the deficit in the securities resulting from the failure of the seller member in delivery.
Article (26)
The Fund shall be managed and supervised by a committee formed by a decision of the General Manager of the Company headed by a representative of the Company and the membership of:
  • A representative of the Authority.
  • A representative of the Market.
  • Another representative of the company.
  • Two members of the companies working in the field of securities and are nominated by the Association of companies working in the field of securities.
  • The Committee shall be formed for a period of three renewable years, and in the forming resolution Vice-President and the Secretary of the Committee shall be determined. The Vice-President shall replace the President in case of absence. The Resolution shall also set the remuneration and attendance allowance of the members and the Secretary.
  • The Committee shall hold its meetings at the request of its Chairman. The Secretary shall convene the meetings, prepare the necessary minutes and correspondence, follow up the implementation of the Committee’s decisions, and any other tasks assigned to him by the Chairman of the Committee.
  • The meeting of the committee shall not be valid unless it is attended by at least three members, including the president or his deputy. The committee shall take its decisions by a relative majority. In the event of a tie, the President of the Meeting shall be deemed to have the same vote.
Article (27)
The Committee shall undertake the following tasks:
  • Approve the general policies of the Fund.
  • Ensure that the Fund`s money is used for the purposes for which it was established and to invest its money in the aspects specified in these Regulation.
  • Opening accounts in the name of the Fund at the banks in which the balances of the Fund shall be deposited, and grant authorizations on such accounts on behalf of the Fund.
  • Obtain an insurance policy against risks of the Fund if it deemed necessary.
  • Issue instructions to banks in which moneys of the Fund are deposited, to withdraw money from the Fund’s accounts, within the limits of the deficit, to complete the financial settlement process between the members.
  • Follow-up collection of Fund’s claims at the members and others.
  • Selling or liquidating any of the Fund`s assets to serve the interest of the Fund.
  • Borrowing or obtaining credit facilities to pay the settlement obligations with the guarantee of the assets of the Fund, and each member shall bear the cost attributed to it of such loans.
  • Submit any proposal that it deems appropriate for the development of the Fund`s business and present it to the concerned authorities for approval.
  • Appoint qualified staff required to manage the Fund and carry out the related work.
  • Settle the administrative expenses of the Fund.
  • Determine the amounts owed by members who failed to settle their obligations which the Fund has covered on their behalf.
  • The Committee may delegate any of its powers to its Chairman or to any of its members. The Committee may also use experts to perform some of its functions except supervision on the Fund.
Article (28)
Each members of the Fund shall commit to the following:
  • Contribution to the capital of the Fund at the rate of 5% of its paid up capital, provided that it is not less than (45,000) forty five thousand Omani Riyal and not more than (135,000) one hundred and thirty five thousand Omani Riyal, In the event of an increase in its capital, the member shall pay the additional contribution resulting from such increase.
  • The additional contribution determined by the Committee.
Article (29)
The Committee shall review and evaluate the adequacy of the Fund`s capital every three (3) months in light of the risks specific to each member in accordance with the criteria and controls established by the Committee and approved by the Authority.
Article (30)
If the amount paid by the Fund on behalf of the defaulting member in accordance with Article 23 of these Regulations is equal to or less than the value of its contribution to the Fund, the full amount of the Member`s contribution to the Fund shall be deducted.
If the amount paid exceeds the value of its contribution to the Fund, the Fund may take the following actions:
  • Deduct of the amounts paid by the member from his contribution to the Fund.
  • The Fund shall own the purchased securities for which the member has not paid, according to the data and documents submitted to the Fund.
Article (31)
The Fund shall notify the defaulting Member that it has been replaced by the Fund in settling its obligations arising from the coverage of the cash deficit or deficit in securities, and that the Fund shall claim it to cover such obligations in favour of the Fund within a maximum period of nine o`clock morning of the next day that follows the payment date.
If the member failed on the due date of payment and the client does not pay the value of the securities referred to the Fund, the Market shall assign a member to sell the securities registered in the name of the Fund and to deposit the sale output in the Fund’s account. Any differences arising thereof shall be beard by the defaulting member to the favour of the Fund, and any profits may come out the sale process shall be to the favour of the Fund, besides to any profits or returns due to the securities during the period of their registration in the name of the Fund.
Article (32)
If the default member fails to pay its due amounts to the Fund on time, the Market shall, at the request of the Fund, suspend the Member from trading until it pays its obligations. The Fund may also coordinate with the Company to discontinue its services to the default member.
Article (33)
The money of the Fund shall be invested in order to maintain, develop and increase it in the following aspects of investment:
  • Bank Deposits
  • Bonds
  • Any other short, medium and high-liquidity financing tools.

An investment decision is taken by the committee after reviewing the appropriate alternatives available, and it should focus on the liquidity and risk factors mainly when choosing between available alternatives and taking into account ensuring sufficient liquidity in the Fund to settle any claim received.

Article (34)Financial statements of the Fund shall be prepared separated from the accounts of the Company and shall be audited by an external auditor appointed for Company’s audit.
Article (35)The Fund`s fiscal year begins on January 1st and ends on December 31st of each year.
Article (36)At the end of each fiscal year, the dividend shall be distributed by adding it to the contributions of the members of the Fund in proportion to the cash share of each member in relation to the total contributions to the Fund.
The Committee may decide to distribute cash dividends to the members if the financial position of the Fund so allows.
Article (37)The member shall be entitled to receive its net rights in the Fund within ninety (90) days from the expiry of the date of its membership in the Market after fulfilling all its obligations towards the Market, the Fund, the Authority and the Company.
 
 
financial statement

 

Title
Size
financial statement 31-12-2017
3,662 KB
financial statement 31-12-2015
3,662 KB
financial statement 31-12-2011
686 KB
financial statement 31-12-2010
559 KB
financial statement 31-12-2009
681 KB


Support Chat
Call Center (+968 24822222)