The Muscat Stock Exchange recently saw the inauguration of the “Tanmia Liquidity Fund” with a value of USD 126 million. This fund is dedicated to enhancing market depth and boosting liquidity on the exchange while also aiming to achieve long-term capital growth. Oman National Investment Development Company “Tanmia” will act as the investment manager in collaboration with SICO BSC (c), a leading regional asset manager, broker, and investment banking services provider.
The launch of the fund is strategically aligned with the ongoing reforms within the Omani capital markets, including new IPOs, market making regulations, and intensified marketing efforts by the MSX through roadshows and other promotional activities. The MSX has been implementing initiatives to bolster the local capital markets, including reforms in certain capital market regulations, particularly concerning the dividends tax.
Khalid Awadh Al Balushi, CEO of Tanmia, highlighted that the launch of the “Tanmia Liquidity Fund” marks a significant milestone in the company’s journey with its strategic partners. This initiative aims to expand the investor base and enhance liquidity in the local financial markets. SICO’s Group CEO, Najla Al Shirawi, emphasized the importance of highly liquid financial markets in providing tangible benefits to the national economy. She praised the joint efforts of SICO and their partners in Oman, along with the regulatory authorities in the Sultanate of Oman, for their dedication to improving liquidity for shares of listed companies.
The collaboration between Tanmia and SICO is a testament to their commitment to fostering a robust and dynamic capital market that can significantly increase economic growth and promote a more diversified economy. The launch of the “Tanmia Liquidity Fund” underscores the importance of liquidity in financial markets and the positive impact it can have on the national economy. This initiative is poised to bring about tangible benefits for investors and listed companies, while also supporting the overall growth and development of the Omani capital markets.
As the fund continues to operate and enhance market depth and liquidity on the Muscat Stock Exchange, it is expected to attract more investors and contribute to the overall vibrancy and growth of the local financial markets. The launch of the “Tanmia Liquidity Fund” signals a new era of collaboration and innovation in the Omani capital markets, with a focus on driving long-term capital growth, expanding the investor base, and promoting economic diversification. With the strategic partnership between Tanmia and SICO, supported by regulatory authorities and market reforms, the future looks promising for the local financial markets in Oman.
