The meeting shows the success of the Oman Investment Authority’s (OIA) Capital Market Reforms’s Reforms and the IPO plan, which ensures the filling of capital, various listings and the assurance of investors’ confidence.
According to the OIA, the annual trade volume has reached five, from Or645m ($ 1.67bn) in 2021 to more than 20.25bn ($ 8.44bn) in the first ten months of 2025.
Meanwhile, the market establishment grew by 51 percent, rising from Or20.24bn ($52.45bn) in 2020 to 30.53bn ($79.16bn) in October 2025.
This performance demonstrates OIA’s success in transforming MSX into a regional investment HUB aligned with Oman Vision 2040 – The national agenda positions the capital market as a fundamental driver of sustainable economic growth.
Royal proclamation and structural change
This decision follows the royal announcement Nayi. 5/2021, which transforms the former Muscat Securities market into a fully integrated Omani company owned by OIA.
This important move allows for direct interventions – from liquidity injections and IPO launches to institutionalization – that opens trading records and renews investor confidence.
Mulham bin Basher Al Jarf, Chairman of Finance at OIA, said: “Since its inception, OIA has aimed to transform an efficient, capital-friendly exchange and Key Investment Enabler of the Omani economy.
“To achieve this, we adopt an outstanding plan, starting with strengthening trust, improving ownership, and the end of an effective economic system and alignment with the dynamic economy 2040.”
Global market indices of the world
Abbas Al Bahrani, Chief Investment Officer – Public Markets at OIA, said that Msx had grown by 67 percent since 2022, 14.6 percent including the S & P 500 and MSCI markets and China, the Chinese market.
He added that this growth “shows a clear vision to improve the market base, increase investment opportunities, and expand listing opportunities, strengthening its position as a leading investment destination.”
IPO wave energy in the list
Starting in 2022, OIA’s IPO plan has transformed the market with a string of anonymous listings:
- Pearl Reif, Oman’s largest wrestling real money, raised or Ar35m ($90.7m)
- ABRAJ Energy Services, listed in March 2023, raised about -94m ($243.6m) – the largest IPO since 2010
- Oq gas networks (Oqgn) launched in October 2023, marking the largest IPO in Oman with a total demand not exceeding Or4bn ($10.37NN) against a capacity of Or288m ($747m)
- Exploration & Production (OQEP) listed in October 2024 with Gross Dequrpassing Or780m ($2.02BN) and Subscriptions of Or961m ($2.49bNN)
- OQ Business & Industrial (OQBI) announced in December 2024, raising or -188M ($487m)
- Asyad Exports, listed in March 2025, raised 128m ($331.8m) and was presented in the Oman market on MSX for the first time
Each IPO has attracted strong demand, with Oqgn’s only offering attracting investors such as fluxys belgium, an Arabian investment company, and the Qatar Investment Authority Dequrm – a sign of trust for foreign institutions in Oman.
Oman Liquidity Fund
To support the momentum, OIA launched the Tanmia Liquidity fund in May 2024 with OR50M ($129.6m), later doubled in March 2025 and reaching Or150m ($388.8M) in August 2025.
The fund, a joint investment between OIA and the Social Protection Fund, is managed by Tanmia, United Securities LLC, and UBHAR Capital. It aims to improve trading stability, connect institutional investors, and support long-term market depth, strengthening confidence and reducing volatility.
Haitham Al Salmi, Chief Executive Officer of Muscat Stock Exchange, said that Oia’s changes have transformed the operation of MSX, introducing new institutional methods that have improved, price quality and market efficiency.
He added that the active role of the Market Maker and the involvement of liquidity providers have made prices and narrowed the bid spread, “improving investor confidence and positioning MSX for continued growth.”
Al Salmi noted that these efforts have led to “increasing capital, and the extensive capital of local and international investors, the growth of MSX as an economic driver in Oman.”
The cooperative effects of environmental cooperation
Oia’s success was strengthened by the combined efforts from the Financial Services Authority (FSA), the Social Protection Fund, Tanmia, joint security, and UBHAR companies, all of which contribute to the deep holding of money and the participation of investors.
Support from AHLI Bank and the national program for financial stability and development of the financial sector (Estidamah) helps to enable the listing with clear stability and economic value, in line with Oman Vision 2040.
Oman’s capital market is entering a new phase of growth
Since 2021, MSX has become one of the most dynamic financial platforms, with Report Trading Capitation and capital maker.
Oman’s market reform The Oman market emphasizes the role of the OIA in transforming challenges into opportunities and empowering citizens as active partners in the ownership of national assets.
As the OIA strategy continues to take place, the muscat stock exchange stands as a platform of opportunity and a catalyst for development, strengthening its role in generating sustainable economic growth and positioning Omanhouse for regional investment.
