Pledging Conditions:

1. Complete and accurate information of both pledgor and pledgee must match MCD records.
2. The pledgor must be the legal owner of the securities to be pledged.
3. The pledgee must be a legal entity.
4. The pledgee is the applicant and is solely responsible before MCD for all resulting obligations and liabilities.
5. The pledgee must verify the authorization and identity of the pledgor.
6. The pledgor’s approval is considered a declaration that no legal restrictions prevent pledging the securities.
7. Pledge requests must be submitted electronically via the MCD website.
8. Service fees must be paid after the initial approval of the pledge.

(Securities Pledge Regulations)

Conditions for Releasing a Securities Pledge:

1. Complete and accurate data of the pledgor and pledgee must match MCD records.
2. The pledgee is the applicant and remains responsible before MCD for all resulting obligations.
3. The release request must be approved by the authorized signatories of the pledgee, in accordance with the bank's authorization policy, specifying the type of authorization (joint or single).
4. Release requests must be submitted electronically via the MCD website.
5. Service fees must be paid after the initial approval of the release.

(Securities Pledge Release Regulations)

Required Documents:

A duly signed and certified Pledge Agreement by both the pledgor and pledgee, including the following:

1. Name of the securities issuer.
2. Shareholder name / ID number.
3. Number of securities to be pledged.
4. A declaration from the pledgee confirming the authenticity of signatures and accepting responsibility for any discrepancies.
5. Copies of personal ID cards for individuals.
6. Copies of commercial registration and authorized signatory documents for legal entities.
7. If the pledgee is a legal entity based outside Oman, all registration documents must be apostilled or certified by the Omani Embassy and the Ministry of Foreign Affairs of the pledgee's country.
8. If the pledgee is an Omani institution and the pledgor is a foreign entity: For legal entities, registration documents must be certified as above; for individuals, a copy of the passport with the signature page must be attached. The pledgee assumes full responsibility for verifying signatures.
9. A pledge may be placed on securities already pledged with a higher priority, provided written approval is obtained from all previous pledgees.
10. The pledgee must have a beneficiary account registered in the system.

(Securities Pledge Release Form | Securities Pledge Request Form)