H.E Abdullah Al Salmi, Executive President of CMA confirmed that the Omani capital market registered a remarkable growth in 2013 in its ability in funding companies, providing investors with rewarding return, and in the listed companies’ contribution in the GDP which reflects the high level of trust in the market.

H.E expressed in the press conference held in CMA building; ‘in 2013, the market directed 1.2 million Omani Riyals to the private sector which confirms the natural position of the capital market in providing long-term funding compared with the banking sector which only provides short-term funding, and both of the sectors form the Omani capital market together and may achieve balanced and parallel growth’.

H.E. Al Salmi explained that the MSM listed companies contribution in the GDP reached to 17% which is considered good growth compared with other markets. Moreover, companies have been growing rapidly in the last eight years as per companies performance reports. H.E, pointed that the gross revenues of listed companies reached 5.14 milliard Riyal in 2013. 

H.E. expressed his wish that the market contribution in GDP would grow with a revenue of 25%, as the listed companies allocated 2 milliards Riyals in 2013 as a result of the increase in the share price value or the market prices for 19.9%, and the increase in the interests paid for investors by companies as percentages of the gross companies value for 4.9%. 

He expressed his relief about the number of subscriptions in MSM during this year which he described it as good, and his wished that privatizing government companies will take place in the coming stage that will be a distinguish addition to the Omani capital market.