Oman to launch investor relations action team today

In the presence of Ahmed bin Saleh Al Marhoon, Director General of Muscat Securities Market (MSM), the Sultanate will launch the investors’ relations action team affiliated to the Middle East Investor Relations Society (ME-IR Society).

The investors’ relations team is the fifth of its kind launched across the Middle East following the launch of the action teams of Qatar, Kuwait, the UAE and Palestine.

The team aims to regulate the relation between investors and the companies registered with Muscat Securities Market for the purpose of implementing the best practices in the field of investors’ relations and corporate governance. The investors’ relations action team, which comprises representatives from Nawras, Omantel, BankMuscat, Renaissance Services, Oman International Development and Investment Co (Ominvest) and Muscat Securities Market, will seek to develop investor relations for establishment of effective communication networks between investors and the companies registered with MSM. The team will also seek to implement the policies that encourage transparency and disclosure of information to shareholders.

The team also aims to expand the participation of companies in collaboration with the efforts of the team member companies and the support of the ME-IR Society. The team will also work to set a roadmap to the companies in order to efficiently communicate with investors.

The team will organise training sessions and will circulate leaflets, information and data on the role of the team and how companies can join the team.