CMA continues convening general meetings via electronic means
By: Times News Service
Muscat: In line with the precautionary measures to curb the spread of COVID-19 pandemic and to cope with the digital transformation, the Capital Market Authority (CMA) is preparing to receive the requests for convening annual general meetings of public joint-stock companies and investment funds.
To this end, the CMA issued a circular to the public joint-stock companies, investment funds, audit firms and law firms emphasising the importance of complying with the provisions of the Commercial Companies Law governing general meetings as well as the rules for convening general meetings of companies and funds via electronic means.
FAB becomes direct custodian member of Oman CSD
FAB stated Oman is a key part of the bank’s regional direct custody platform for seven Middle Eastern markets.
January 25, 2021 11:08 AM GMT
First Abu Dhabi Bank (FAB) has become a direct custodian member of Muscat Clearing and Depositary (MCD) in the Sultanate of Oman.
The move is the latest in FAB’s efforts to become the local custodian of choice for investors to access the Middle East region’s emerging and frontier markets.
FAB is the third international custodian of the securities depositary linked to the country’s stock exchange, the Muscat Securities Markets (MSM), and will contribute to MCD’s mission to promote post-trade solutions.
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FAB issued Oman CMA Custody license, signs agreement with Muscat Clearing and Depository reporters@khaleejtimes.com Filed on January 24, 2021
First Abu Dhabi Bank (FAB) has become a direct custodian member of Muscat Clearing and Depository (MCD) in the Sultanate of Oman.
FAB is the third international custodian of the securities depositary linked to the country’s stock exchange, Muscat Securities Market (MSM). It will contribute to MCD’s mission to promote post-trade solutions that systematically reduce risks, enhance operating efficiency and minimise cost.
Haitham Al Salmi, GM at Muscat Clearing and Depository, said: “We are delighted to welcome First Abu Dhabi Bank as custodian of the MCD. We look forward to collaborating with the FAB team to introduce further post-trade enhancements and provide their regional and international client-base with access to Oman’s capital markets.”