CMA resumes general meetings via electronic portal

Muscat: The Capital Market Authority (CMA) announced the resumption of general meetings of joint public stock companies and investment fund via the electronic portal of Muscat Clearing and Depository Company (MCDC) after being suspended in mid-March based on the instructions of the COVID-19 Supreme Committee.
The decision to resume convening of general meetings was made after furnishing an environment that enables all the listed companies and funds to convene their meeting through electronic means.
The rules for convening the general meetings of the issuers of securities via electronic means were issued by the decision of the CMA Chairman No. E/25/2020 and the completion of the electronic portal executed by MCDC in collaboration with Omantel and Blockchain Solutions and Services as a local secure portal to facilitate convening general meetings.