2021-04-11
Oman Investment Authority’s President Meets with Newly Formed Muscat Stock Exchange’s Board of Directors and Affirms OIA’s support
Oman Investment Authority (OIA) announced the formation of Muscat Stock Exchange’s (MSX) Board of Directors in preparation for its launch in accordance with the Royal Decree 5/2021, which established the Muscat Stock Exchange Company as a closed Omani joint-stock company.
His Excellency Abdulsalam bin Mohammed Al Murshidi, President of OIA, met with the Board of Directors, where he congratulated them on their assigned responsibilities towards such an important institution for the economy. H.E. Al Murshidi emphasised that stock exchanges are a critical indicator of economic health globally. Additionally, H.E. affirmed OIA’s full support to the newly appointed Board in its upcoming mission to achieve sustainable growth for MSX.
The Board of Directors is chaired by Mohammed bin Mahfoodh Al Ardhi, Executive Chairman of Investcorp. The Board also consists of two international board members; Abdullah bin Saleh Al Suweilmy, former CEO of the Saudi Stock Exchange ‘Tadawul’ and Roland Schwinn, Managing Director at Sygnum Bank in Singapore and Switzerland. Furthermore, the Board includes Imad Kamal Sultan, Vice Chairman and Managing Director at W.J. Towell Group, and Dr Hatim bin Bakhit Al Shanfari, a faculty member in the college of Economics Political Science at Sultan Qaboos University. Additionally, the Board includes Samra Sulaiman Al Harthy, Director of Investment and Economic Research and Mathla Saleh Al Shaqsi Senior Associate Investments, representatives of OIA.