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MSM transfers general joint stock firms

Business Saturday 02/May/2020 16:44 PM
By: Times News Service
MSM transfers general joint stock firms

Muscat: Muscat Securities Market (MSM) issued a decision shifting the listing of general joint stock firms from the parallel market to the regular market and vice-versa.
The decision takes effect from Sunday, May 3, 2020.
According to the decision, five parallel market firms have been shifted to the regular market because they met the requirements of such transfer.
They are Oman Finance, Oman Investment and Finance, United Insurance, Al Nahda Services and Al Jazeera Steel Products.
For similar reasons, four of the regular market firms have been shifted to the parallel market: They are Al Maha Petroleum Marketing, Shell Marketing Oman, Al Roya Insurance and Oman Chlorine.
Dhofar Poultry Company has been transferred from the follow-up market to the parallel market because it met shareholder criteria, while Alizz Islamic Bank was relegated to the follow-up market because it breached shareholder criteria.