Oman’s creation of the MSX Promising Startups Index improves the business environment.
The “Promising Startups Index” offered by the Muscat Stock Exchange (MSX) is intended to give startups, small and medium-sized businesses (SMEs), and privately held and family-owned businesses a specific platform to seek funding and listing opportunities.
MUSCAT: The website provides a route for companies with a market value of at least RO 500,000 to be listed on the exchange.
The index is anticipated to debut this year after the Financial Services Authority issued executive regulations, according to Haitham bin Salem Al Salmi, CEO of the Muscat Stock Exchange. He mentioned that the exchange has recently met with over ten companies, and it is anticipated that several of them would be listed alongside the debut of the market.
Haitham Al Salmi went on to say that the “Promising Startups Index” seeks to draw in private businesses, franchisees, and SMEs that fit the requirements for direct listing. He went on to say that in addition to being listed directly on the stock exchange, the market will allow businesses to take advantage of the services offered by the stock exchange, whether through subscriptions to finance their projects or exits.
In contrast to the stock exchange’s main market, he noted, this market will be open to qualified investors and offer a number of flexible incentives and requirements, enabling private companies and SMEs to list securities, finance capital, or issue debt instruments like bonds and sukuks.
It is significant that Royal Decree No. 18/2025, which was published in February, established the Promising Startups Index. It is in line with Oman’s overarching plan to encourage commercial endeavors, diversify the country’s economy, and improve the business climate for long-term success.
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