"Muscat Clearing and Depository Company (MCD) provides comprehensive capital structuring services tailored to the needs of issuing entities listed on the Muscat Stock Exchange (MSX) and registered with MCD. These services support their future plans and include capital reduction for public and closed joint-stock companies (fully or partially), capital increase through bonus shares, preemptive rights, or public and private offerings to finance expansion and growth.
Conditions and Requirements:
Ensure that any reduction, increase, split, or consolidation of a security’s capital complies with the provisions of the Commercial Companies Law, Securities Law, and Capital Market Law.
No reduction, increase, split, or consolidation of any security’s capital shall occur without approval from the General Meeting or a Board of Directors’ resolution.
Ensure the security is suspended from trading before executing any reduction, split, or consolidation by the Operations Department at MSX.
Allocation and redemption operations are executed only for open-ended investment funds
