HE Sheikkh Abdullah Salim Al Salmi, Executive President of the Capital Market Authority received yesterday  HE Dr. Mohammed Fetant, President of the Securities and Exchanges  Commission of the Islamic Republic of Iran and the accompanying delegation together with Dr. Bhadoor Bejani, Executive Vice President for External  Investments and Karim Karimi, Expert at the Department of International Relations.

HE the Executive President of CMA said the visit of the Iranian delegation  comes as part of the close relationship between the Sultanate and the Islamic Republic of Iran and is an opportunity for cooperation among the neighbor markets for transfer of expertise and exchange of information  to boost the efficiency of the regulatory infrastructures of the capital market in both countries. He added, we endeavor, through such cooperation, to acquaint and learn about the technical and administrative capabilities of the capital markets of the two counties with regard to  development of Islamic financing instruments and considering facilitating  cross issuance and  listing in the stock exchanges in addition to benefiting from the development of regulatory and legislative systems which would have constructive impact on the national interests of both countries.

The meeting included presentation on the capital market and the regulatory systems as well as a discussion on Islamic financing instruments and the  efforts to enhance the  level of their contribution to the national economy.

The Iranian delegation made  a presentation on the development of the capital market in Iran and the regulatory systems on the trading movement as well as the regulation of Islamic financing

instrument at the Iranian Securities and Exchanges Commission.

The meeting was attended by the  Director General of Muscat Securities Market and the General Manager of Muscat Clearing and Depository Company.