Launching the incentive program for Capital Market

First pathway and its Incentives & Criteria

Incentivizing the Establishment or Transformation into Public Joint-Stock Companies

Providing an exceptional incentive package targeted at private sector companies with a market value exceeding 10 million Omani Riyals for listing on the main market. This package is valid for a specified period of five years from the date of the decision's issuance.

What are the main market incentives?

Entity Providing Incentives

Incentive

Ministry of Finance

Reimbursement of two-third of the tax paid by the company, which is 15%, so that the tax on the company is only 5% for a period of five years from the date of listing in the main market.

Tax Authority

Permitting the payment of income tax in instalments, with an exemption from any additional taxes on these instalments for up to six months from the due date

General Secretariat of the Tender Board

Price preference of 10% in the awarding of procurement contracts and tenders issued by the council.

Financial Services Authority

Exemption from listing fees charged by FSA for three years.
Exemption from fees for IPO prospectuses and any other subsequent prospectuses fee charged by FSA for three years.
Providing free consultation to the company for one year on all legal and regulatory requirements. This includes the allocation of an employee within the Authority to assist with compliance issues. Additionally, the service encompasses the resolution of any problems that may arise during the listing process, in coordination with the relevant authorities
Approval of the prospectus will be granted within three working days upon receipt of all required documents.
5The Authority will respond to the company’s communications within two working days of receiving them.

Muscat Clearing & Depository Company

Exemption from transfer agent fees for 3 years

Development Bank

Fast track for closed SAOG companies benefiting from the incentive program when submitting financing applications to the Development Bank.

Other Parties

Preference in obtaining the incentives available from the relevant authorities, such as usufruct lands and concession areas.

What are the general conditions for benefiting from incentives under the first pathway?

The incentive program has a duration of five years.
The company's value must be no less than 10 million Omani Riyals.
The company must offer at least 25% of its shares.
The company may not convert to any other legal form for five years following the incentive period, unless an exception is granted by the Financial Services Authority.

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