December 11, 2017      
Last Data Update:10/12/2017

OPEN NEW INVESTOR ACCOUNT

The following documents should be attached with the application form:

Section 1: Omani Shareholders

A) Individuals:

  • Adults: Copy of ID card or Passport
  • Minors (Under 18 years old):
    - Copy of passport or birth certificate (issued by the Civil Status),
    - Copy of the guardians’ ID.

B) Juristic Institutions / Investment funds / Pension funds:

  • A copy of the licenses issued by the concerned authorities (in effect)
  • Copy of the specified signatories list.

Section 2: Non-Omani shareholders

A) Individuals:

Adults:

  • Residents of the sultanate of Oman:
    • Copy of the resident card.
    • Copy of the passport.
  • Non Residents of the Sultanate of Oman:
    • Copy of the passport
    • Application form and all Documentations should be attested by authorities, or stamped with apostille stamp.

Minors (Under 18 years old):

  • Residents of the sultanate of Oman:
    • Copy of the resident card.
    • Copy of the passport / Birth certificate
    • Copy of the guardians’ Passport / Resident card
  • Non Residents of the Sultanate of Oman:
    • Copy of the passport / Birth certificate
    • Copy of the guardians’ Passport
    • Application form and all Documentations should be attested by authorities, or stamped with apostille stamp.

Juristic Institutions:

  • Copy of the licenses issued by the concerned authorities (in effect)
  • Copy of the specified signatories list.
  • Application form and all Documentations should be attested by authorities, or stamped with apostille stamp.

Section 3: Accounts of Heirs

  • Copy of the succession certificate of the heirs attested by authorized legal agencies.
  • Copy of the Power of Attorney
  • Copy of the ID of the Agent.

Section 4: (only) for the custodian accounts (non-local)

  • Custodian / portfolio Management licenses duly certified
  • Clients’ documents ( as per Section 1 / section 2)
  • Application form and all Documentations should be attested by authorities, or stamped with apostille stamp.

Section 5: (only) for the custodian accounts (local)

  • Custodian / portfolio Management licenses duly certified.
  • Clients’ documents ( as per Section 1 / section 2)

Rejection of application will be in the following cases:

  • Incomplete or invalid data provided in the application form.
  • Non-approved form (missing signature/company stamp).
  • Prejudice to any of the above items.

General comments:

  • In the case of IPO s, the shareholder must provide duly filled application form with required documents a week (at least) before the closing date of IPO.
  • MCD is entitled to do the following:
    • Freeze the accounts, that has zero balance and have not had any transactions for at least 2 years, or according to any procedures issued by the competent authorities in the Sultanate.
    • Block or freeze the accounts or the securities in the accounts at the request of judicial or legal authorities or the concerned regulatory bodies in the sultanate.
    • The individual firm (company) should disclose the shareholder number of the institution owner as a person (if any) and vice versa.

Undertaking

  • I hereby admit after reviewing the undertaking and conditions of registration mentioned here, to have entered the required data in the fields above, and further acknowledge the accuracy of all typed and attached in the form, and shall bear the entire legal responsibility and consequences if otherwise proved. I also agree, to fully comply with the Capital Market Laws and regulations, and the anti-money-laundering law and terrorism financing, and any other laws and regulations relevant and applicable in the Sultanate of Oman. Muscat Clearing and Depository Co. (SAOC) does not bear any responsibility in case of non-compliance with the above.
  • We (as Custodian and/or Portfolio Manager) undertake to provide the regulatory authorities in the Sultanate (upon request) the details of the ultimate beneficiaries under then accounts managed by us and accept all the legal responsibility and the consequences of that.

Muscat Clearing & Depository Company (SAOC) does not bear any responsibility in case of non-compliance with the above.

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