Regulatory Alerts2021-04-11 | No. E/43/2021Rules for Pricing Mechanism in Public Offering of Shares
The Capital Market Authority of Oman issued Decision No. E/43/2021 to establish standardized pricing rules for initial public offerings of shares on the Muscat Stock Exchange. The regulation mandates two primary pricing routes—fixed price and book building—and requires a minimum 40% to 50% share reservation for small subscribers while permitting up to 20% anchor investor allocations with a 90-day lock-in period. It further details bid submission procedures, cut-off price determination, fund collection responsibilities of collecting agents and the Muscat Clearing and Depository Company, and imposes penalties for artificial price manipulation or regulatory breaches.
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