Health insurance could be made compulsory for all public-listed companies in Oman
December 22, 2018 | 8:35 PM
by Times News Service
Photo for illustration purpose only

Muscat: One of Oman’s top financial bodies has said that it is looking over the rules of compulsory health insurance in the country, with a view to introducing it next year.

The Capital Market Authority (CMA) met to discuss how Omanis and expats who worked in the country’s private sector could receive proper mandatory health insurance.

Photo: Capital Market Authority/Twitter

“The Board of Directors of the Capital Markets Authority held its last meeting of this year and recognised a number of projects in the sectors of executive regulations of the law of insurance, the rules of health insurance, which the public-shareholding companies are required to distribute by means of their profits,” CMA announced on its official Twitter account.

“The Board reviewed the latest developments in the implementation of the health insurance circular for private sector employees (Omanis and expatriates) and visitors to the Sultanate,” added the Capital Markets Authority. “The Board of Directors’ mandate is to oblige public shareholding companies to distribute the cash profits through the company’s stock and to provide a unified centre to follow up all cash returns from all listed companies and to achieve fairness in distribution on time and facilitate follow-up.”

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