CMA Organize Advanced Training Programme on Capital Market and Insurance Sectors

HE Sheikh Abdullah Salim Al Salmi, Executive President of the Capital Market Authority presided over the closing ceremony of the advanced training programme organized by CMA in collaboration with Muscat Securities Market (MSM) and Muscat Clearing and Depository Company (MCDC) for the employees of the three entities as part of the training programmes organized by the Department of Human Resources of CMA.

Employees who completed several years in capital market and insurance fields participated in the programme to acquaint them with the capital market and insurance and the nature of works and responsibilities of the supervision  and legislative departments.

Johkhah Abdullah Al Hanaie, Director of Human Resources Department said the programmed was conducted due to the importance CMA attaches to the development and enhancement of human resources to acquaint them with the skills and knowledge required to assume their roles as required. We aim to arm the participants with the skills required for decision making through consideration of practical cases. She added “ we endeavor to make the financial services in the Sultanate a sustainable engine for economic growth and creation of wealth through taking care of human resources.”

The programme included a number of working papers on the first day on investment funds and their benefits to investors and the market, types of investment funds and calculation of net asset value. The second days was about public offerings and their role in the activation of the market including public offerings and private placement, the benefits of listing public joint stock companies, economic functions of stock markets and efficiency of stock markets. Then a brief presentation was made on the previous offerings with summary of the IPO of Phoenix Power SAOG.

The third day was about the insurance sector in the Sultanate and the key developments in the motor insurance, the Unified Motor Insurance Policy.

The fourth day covered the trading surveillance and detection of violations through the trading system and the challenges facing the trading with practical applications of trading violations. The fifth and sixth days covered the privatization programme and its role in the stock markets and the role of Islamic Sukuk in the development.

The papers were presented by professional in capital markets and insurance from CMA, MSM and MCDC.