What is meant by account consolidation, and can I request it?
The account consolidation service allows investors who hold multiple shareholder accounts with Muscat Clearing and Depository Company to merge them into a single account. This helps unify their data and investments, making ownership management easier. You can request account consolidation directly through the Call Center or via a legal representative using the available channels provided by the company.
What is the " Oman Stocks" app, and can I use it to update my account?
Oman Stocks is a digital platform provided by Muscat Clearing and Depository Company to facilitate access to investor services. It allows users to open investor accounts, update personal information, view balances, and receive notifications.
Can I buy and sell shares through the Oman Stocks app?
No, Oman Stocks app is used for viewing your securities portfolio and accessing shareholder-related data, such as dividends and account information. Buying and selling shares must be done through licensed brokerage firms operating in the securities market.
How can I update my information after opening an account?
investors can update their personal information (such as phone number, email address, and bank account details) by submitting an update request via Oman Stocks app or through the company’s website.
What should I do if I forget my investor number?
If you forget your investor number, you can retrieve it through the homepage of the company’s website (www.mcd.om) by entering your Civil ID number and the mobile number linked to your account (ensure that your phone number is already updated in the system). If you're unable to retrieve it online, please contact the Call Center at 24822222 to obtain your investor number.
