Regulatory Alerts2019-05-09 | No. 2/2019Capital Market Authority Acquisition and Takeover Regulation No. 2/2019
The Capital Market Authority of Oman issued Regulation No. 2/2019 to govern the acquisition and takeover of shares in public joint stock companies listed on the Muscat Securities Market. The regulation establishes a 25 percent ownership threshold that triggers mandatory disclosure and bidding procedures, while mandating offerors to appoint consultants, submit detailed offer documents, and provide fair pricing to all shareholders. It further standardizes disclosure timelines, payment terms, and independent advisory requirements to ensure transparency and protect shareholder interests during takeover bids.
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