Green Light for Crowdfunding Activities in Oman

On the 22nd of November 2021, Abdullah Salim al Salmi, Executive President at the Capital Market Authority (CMA) in Oman, noted that new rules governing the operation of crowdfunding platforms in the country are now in effect, opening the way for interested platform operators to begin their operations.

Why it Matters?

A statement issued by CMA states that the regulations, available on its website, provide a lot of flexibility when it comes to delivering crowdfunding services. Al Salmi reiterated that providing such funding platforms for entrepreneurs and small and medium-sized enterprises (SMEs) tackles one of the major issues that businesses have in acquiring capital, namely the inherent risks and the lack of acceptable guarantees that financial institut...