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03 July 2025 07:12:20
- Source: Sharecast
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Date: 3 July 2025
Disclosure
Bank Muscat SAOG Appoints Ubhar Capital as a Liquidity Provider |
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Bank Muscat SAOG ("Bank Muscat") would like to inform the market that subsequent to the approval received from its shareholders during the Annual General Meeting (AGM) held on 26 March 2025, it has entered into an agreement with Ubhar Capital SAOC ("U-Capital") to appoint U-Capital as the liquidity provider (LP) in respect of Bank Muscat's shares listed on the Muscat Stock Exchange ("MSX") in accordance with MSX Resolution No. 73/2023 Issuing the Market Making Regulation.
The Agreement will be effective for one year, subject to renewal. U-Capital will commence LP services on the 6th of July 2025 independently, within specific controls and standards according to the requirements of the regulatory authorities.
This arrangement aligns with MSX's strategy to encourage investment activities, and contribute to the enhancement of capital markets to propel economic development and support Oman's Vision 2040.
Waleed K. Al Hashar |
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