Muscat Securities CEO Announces 175M Riyals Post-Upgrade

Muscat Securities Exchange has announced that the operation will add approximately 175 million Omani rials to the market following its upgrade to the FTSE Russell index as part of the transition to an emerging market, according to initial estimates. The exchange has also signed an agreement with a Chinese entity to launch the first Exchange-Traded Fund (ETF) linked to the Omani market by the end of this year, aiming to expand investment products. Additionally, the exchange plans to launch a derivatives market in 2028, with infrastructure preparations expected in 2027, to enhance market depth and attract both domestic and foreign investments. Digitally, the exchange forecasts that the market capitalization will reach between 2 to 3 billion Omani rials by 2027, along with a noticeable increase in company valuations and improved investment ratings.

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