Muscat, 23 Feb (ONA) – The Financial Services Authority (FSA) has launched the first phase of its Electronic Securities Issuance System (E-IPO), a key step in Oman’s digital transformation strategy aimed at enhancing efficiency and transparency in the capital market.
The E-IPO system is an integrated digital platform designed to streamline the issuance and listing of securities in the Omani capital market. This initiative, developed in collaboration with the National Program for Financial Sustainability and Financial Sector Development “Estidama” and Muscat Clearing and Depository Company (MCD), aims to simplify processes and improve market accessibility.
Key Features of the E-IPO System
The newly launched system is expected to reduce processing times and optimize the regulatory framework governing securities issuance. By minimizing paperwork and enhancing automation, it ensures seamless communication between regulatory authorities, issuers, and market participants.
The first phase of the system focuses on:
- Submission and Review of Issuance Applications – This involves the collection and analysis of financial and legal data related to securities while ensuring compliance with existing regulations.
- Approval and Guidance – Issuers will receive initial approvals along with necessary directives to complete the issuance process efficiently.
Future phases of the E-IPO system will include:
- Phase Two: The Book-Building stage, which will streamline investor participation and price discovery.
- Phase Three: The Listing Stage on the Muscat Stock Exchange (MSX), facilitating seamless market entry for newly issued securities.
Advancing Digital Transformation
The introduction of the E-IPO system aligns with Oman’s broader digitalization goals to improve service delivery and market accessibility. The FSA has made significant progress in this regard, achieving a 93% digital transformation rate in 2024 across its services.
This innovative system is expected to enhance market efficiency, increase transparency, and attract more investors to Oman’s growing capital market, reinforcing the Sultanate’s position as a regional financial hub.
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