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MUSCAT : Muscat Inventory Trade (MSX) has issued a choice to switch the itemizing of numerous public shareholding firms from the parallel market to the common market and from the follow-up market to the parallel market and vice versa, with impact from Sunday 7 Could 2023.
The choice stipulated modifications happening within the common market vide which the itemizing of corporations of Oman Flour Mills, Oman Cables Business, Al Omaniya Monetary Companies, Ahli Financial institution, Taajeer Finance and Dhofar Producing Firm have been transferred from the common market to the parallel market. This was attributable to the truth that they didn’t adhere to a number of standards for itemizing within the common market.
The choice transferred Oman and Emirates Holding Firm, HSBC Financial institution Oman, United Finance, Financial institution Dhofar, SMN Energy Holding and Al Madina Takaful from the parallel market to the common market, attributable to their dedication to all circumstances and standards required for itemizing within the common market.
In the meantime, Al Madina Funding Holding Firm was transferred from the follow-up market to the parallel marketplace for assembly the usual set for shareholder rights. Nationwide Aluminum Merchandise Firm and Omani Fisheries Firm have been transferred from the parallel market to the follow-up marketplace for violating the usual set for shareholder rights.
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