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Muscat 2027 Upgrade IPOs
The Muscat Stock Exchange expects three initial public offerings next year by companies affiliated with the Oman Investment Authority, including one in the telecommunications sector and another in energy utilities. Oman is seeking to meet the requirements for the exchange to be upgraded to emerging-market status by FTSE Russell. A decision on the upgrade is expected in the April review, with full implementation slated for October 2027, while an upgrade by MSCI could take at least four years. The exchange also plans to launch an exchange-traded fund before the end of the year and begin derivatives trading by 2028, while exploring a listing of its own shares within five years.
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