Oman’s Capital Market Funding Jumps 75% to OMR 3.14 Billion in 2019

Funding raised via Oman’s capital market leapt by 75% year-over-year (YoY) to OMR 3.14 billion (USD 8.2 billion) in 2019, from OMR 1.8 billion (USD 4.67 billion) in 2018. The vast increase in funding, which was earmarked for various projects and economic initiatives in 2019, underlines the important role of the Omani capital market in the financing of the country’s economic development, according to Abdullah bin Salim al Salmi, Executive President of the Capital Market Authority (CMA).

As stated in the CMA’s 2019 Annual Report, the CMA aims to make both the capital and insurance market in the Sultanate a sustainable mover of economic growth and wealth creation. Of the total OMR 3.14 billion funding raised in 2019, approximately half (OMR 1.65 billion) was raise...