Oman – 6 insurers will become public shareholding firms
Monday, 03 20 2017, Category: Insurance and Reinsurance, Country: Oman
Mr. Ahmed bin Saleh Al-Marhoon, Director General Muscat Securities Market said “that the market does not witness primary issuances confirming that the weak primary issuances led to a weakness in the transactions of the market. There are insurance companies, which according to the law have be transformed into publicly traded companies. 5 to 6 insurers have according to the Muscat Securities Market are expected to be transformed into a publicly traded company even though their capitals are not high but are considered reasonable. He noted that the minimum capital for insurance companies is between 25 and 26 million US Dollars in the Sultanate.
Source: Almal Times