CMA issues new rules for initial public offerings By: Times News Service Muscat: A decision approving new rules for specifying the price of shares in initial public offerings (IPOs) was issued by Sheikh Abdullah Salim Al Salmi, Executive President of the Capital Market Authority (CMA) on Wednesday. The move is aimed to regulate the issuance of IPOs by specifying the methods for the determination of the prices of shares in public offerings and the procedures to be followed to ensure a sound pricing process. Decision No. 43/2021 was issued based on the Regulation for Public Joint Stock Companies which was issued earlier this year.