Oman and Malaysia Forge Partnership to Boost Capital Market Growth: Implications for Investors and Businesses
MUSCAT: The Securities Commission Malaysia (SC) and the Financial Services Authority (FSA) of the Sultanate of Oman have formalized their commitment to enhance cooperation, focusing on capital market development, knowledge sharing, and capacity building.
Last week, Abdullah bin Salim al Salmi, Executive President of the FSA, and Dato’ Mohammad Faiz Azmi, Chairman of the SC Malaysia, signed a collaborative agreement aimed at fostering a strategic partnership over the next two years. This initiative is designed to promote resilient, transparent, and innovative capital markets, alongside joint capacity building and knowledge exchange efforts. It also aims to position Oman and Malaysia as appealing investment destinations.
In the aftermath of the signing ceremony, al Salmi noted that key areas of focus in the joint program include promoting Malaysian and Omani investment opportunities to investors in both nations, as well as exploring the feasibility of a mutual recognition agreement between the SC and FSA Oman to facilitate cross-listing of products and companies.
"We will also emphasize joint development programs, including staff secondment and training initiatives, along with sharing insights on capital market research, policy frameworks, and market development strategies," he stated.
"Our partnership with the Securities Commission Malaysia serves as a bridge between ASEAN and GCC capital markets. Through this joint cooperation program, we are expanding our collaboration in areas such as capacity building, sustainable finance, and market innovation," al Salmi added.
As part of this agreement, the SC has invited FSA Oman regulators to participate in the Young Regulators Development Programme, organized in association with Durham University, UK.
Dato’ Mohammad Faiz Azmi highlighted that the Joint Programme reflects another significant milestone in the SC’s engagement with GCC counterparts, particularly the FSA Oman.
"Through this collaboration, we aim to enhance knowledge exchange and promote our respective markets’ unique investment propositions, ultimately driving sustainable growth. Together, we are forging a partnership that benefits our markets, investors, and economies," he concluded.
Special Analysis by Omanet | Navigate Oman’s Market
The recent cooperation agreement between Oman’s Financial Services Authority (FSA) and Malaysia’s Securities Commission (SC) signifies a pivotal step toward enhancing capital market resilience and innovation in Oman. This initiative opens new opportunities for businesses seeking cross-border investments and engages them in a larger ASEAN-GCC economic sphere. Smart investors should prioritize understanding these emerging partnerships, as they may lead to favorable conditions for dual listings and innovative financial products in the region.
