As the monitoring authority of issuers of securities listed in the Muscat Stock Exchange:
Provide with reports on dealings and dealers in the Stock Exchange
Assist in monitoring of dealings made by directors of joint stock companies
Contribute to the development of monitoring operations over dealings in listed securities with the Stock Market and the Depository company
Contribute to the development and enhancement of confidentiality in investment in Omani securities that are listed in the Muscat Stock Exchange
Services to the Muscat Stock Exchange
and its dealers:
Ensure conveyance of ownership amongst the dealers as per prevailing regulations of the Muscat Stock Exchange
Control foreign investment operations and its percentage in a single company, so as to be in compliance with the prevailing regulations of the companies and the governing laws
Control the percentages of investors’ ownership
Contribute to the transparency operations through providing data and the analytical statistics
Facilitate collection of information, statistics and reports over securities
Services to the Investors
Registering new investors (issuance of investor’s number for each investor)
Allotment of unique number to each investor in the securities
Updating investors’ data
Providing investors with statements of their holdings and statements of their dealings in securities
Family Transfers within (first degree)
The inheritance Transfers
Transfers of dividing common property securities
Trustee transfers of securities
Transfers between accounts that belong to the same person
Responding to investors’ queries about their holdings that are registered with the company, as well as their investments affairs such as:
Distribution of cash and shares dividends – merger of companies – liquidation of companies … etc,.
Providing a unified centre to enter joint stock companies registers that are listed in the Muscat Stock Exchange, for the easiness of tracing by the investors of their investments in the Market from a single point
Services to the Companies issuing Securities
To act as a central depository of records of the investors of shares and bonds, in a technical and practical manner, that reduces the number of incidences of errors and incompatibility incurred by sections of investors
To control percentage of ownership, as per the charters of the companies and the relevant laws
Facilitate execution of decisions as approved by the joint stock companies in its general assemblies that have impact on the investors
Providing assistance in managing general assemblies, by counting quorums and counting votes on the election of the Board of Directors
Printing invitations to general assemblies and printing all the posters and invitations pertaining to the shareholders
Provide companies with statements on its shareholders
Distribute dividends on behalf of the companies
Restrain promotion shares and introduce Board members, and restrain second installments’ shares. Besides all matters pertaining to the shareholders
Services to the Brokers
Providing daily trading data for the broker
Notification the broker with pending transactions, immediately upon implementation of the deal
Amend the deals
Fragmentation of special orders
Addressing outstanding deals
Notification the broker with transactions executed after the settlement of equity
Notification the broker with rejected transactions by custodian
Notification the broker with fines of pending deals
Notification the broker the obligations upon the settlement (settlement day)
Notification the broker of completion settlement Cash and equity operations
Execute liens favouring brokers, based on decisions issued by concerned bodies
Services to the
Central Bank of Oman
Act as the central depository body of the records pertaining to the government bonds issued by the government of the Sultanate
Distribute interest on the bonds due to its holders as per the distribution dates
Distribute principal value of the redeemed issues
Provide the central bank with the data pertaining to the bonds
Provide the central bank with data on investors in the domestic banks listed on the company’s registers, to confirm compliance with the central bank’s laws and regulations
Repurchase of the bond transfers (REPO)
Services to the banks and financing companies ‘lenders’
Executing and lifting pledges favouring banks and financing companies, as per the prevailing procedures, to ensure pledgees’ rights
Provide pledgees with necessary data and reports on shares pledged to them
Follow up receipt of pledgees of pledged cash and shares dividends as per pledge agreements
Electronic transfer of the dividends on pledged shares to banks accounts of the lenders
Services to the Settlement Banks
Notification the settlement banks with net liabilities and receivables for each Member on the operations carried out in trading day (T) to the broker on the settlement
Notification the settlement banks with completion of cash settlement
Services to the Custodians
Convert GDRs (global depositary receipts)
Securities transfers between custodians
Provide trading data for client of custodian
Provide a mechanism (confirm / reject) of securities for clients of the Custodian
Print the assets of clients report at the end of the day
Company’s role in the execution of judgments issued by judicial and monitoring authorities
Execution of judgments and decisions issued by the judicial and monitoring authorities that are empowered with the authority to impose attachment pursuant to the Omani prevailing laws
