His Excellency Abdullah Al Salmi, Executive President of The Capital Market Authority of the Sultanate of Oman (CMA) signed a contract at the 40th Annual meeting of the international securities market regulators (IOSCO) in London on Tuesday, 16th June, to engage the Taipei Exchange (also known as Gre Tai) as expert consultants. The contract covers consultancy assistance to be provided by the Taipei Exchange to assist in the design and development of Capital Market products and services in Oman aimed at supporting the growth of SMEs. The signing was also attended by His Excellency Yahya said Al Jabri, Chairman of the CMA and Chairman of Duqm Special Economic Zone authority, and leading members of the Taiwanese financial services sector.
The CMA undertook a review of many SME markets and SME consultants before selecting the Taipei Exchange as its expert consultant advisor.
Executive President of the CMA, H.E. Abdullah Salim Abdullah Al Salmi, commented on the decision to select the Taipei Exchange as expert SME consultants: “We are delighted to have engaged the Taipei Exchange. They have an excellent track record of developing services and products that benefit SMEs, which is demonstrated by the high growth of successful SMEs in their market. They have developed a wide range of solutions and approaches to meet the needs of many different types of SMEs. This ability to provide many varied solutions rather than just a single approach is something we believe is particularly important in the context of Oman. We have agreed a work-plan with them, and look forward to seeing the results of their work later this year.”
The Taipei Exchange (also known as Gre Tai) is a non-profit stock exchange entity based in Taipei, Taiwan R.O.C, that was founded in November 1994. It operates markets and trading of equity, bond and other securities, and licenses firms and other entities that trade the securities it lists. It is regulated by the Securities and Futures Bureau of Taiwan and the Financial Supervisory Commission of Taiwan.