Oman bourse signs contract with Taipei Exchange

 

MUSCAT: Abdullah Al Salmi, executive president of Capital Market Authority (CMA), signed a contract to engage the Taipei Exchange (also known as Gre Tai) as expert consultants. It was signed at the 40th annual meeting of the international securities market regulators (IOSCO) in Londoon on Tuesday.

The contract covers consultancy assistance to be provided by the Taipei Exchange to assist in the design and development of capital market products and services in Oman aimed at supporting the growth of small and medium enterprises.

The signing session was also attended by Yahya Abdullah Al Jabri, chairman of the CMA and chairman of Duqm Special Economic Zone authority, and leading members of the Taiwanese financial services sector. The CMA undertook a review of many SME markets and SME consultants before selecting the Taipei Exchange as its expert consultant advisor.

“We are delighted to have engaged the Taipei Exchange. They have an excellent track record of developing services and products that benefit SMEs, which is demonstrated by the high growth of successful SMEs in their market. They have developed a wide range of solutions and approaches to meet the needs of many different types of SMEs. This ability to provide many varied solutions rather than just a single approach is something we believe is particularly important in the context of Oman. We have agreed a work-plan with them, and look forward to seeing the results of their work later this year,” Abdullah Al Salmi said.

The signing session was also attended by Yahya Abdullah Al Jabri, chairman of the CMA and chairman of Duqm Special Economic Zone authority, and leading members of the Taiwanese financial services sector. – Supplied picture