No. 28



MSM To Introduce More Reforms

In an effort to encourage activity and boost investor confidence, the Muscat SecuritiesMarket (MSM) is planning a new series of reforms. The proposed measures comprise arevision of the limit-down level for trading to 5%, allowing listed companies to buy backup to 10% of their shares, raising the lock-in period for promoters' shares from two tothree years, allowing companies to set aside up to 5% of their shares in a public offering...