Muscat Securities Market (MSM) – now known as the Muscat Stock Exchange SAOC – has altered its digital footprint with a new web address.

MSM’s website changed its digital address from msm.gov.om to msx.om to further reflect its new identity. Muscat Securities Market was transformed into a closed Omani joint-stock company on January 6 following the issuance of a Royal Decree by His Majesty the Sultan.

Muscat Stock Exchange SAOC also appointed Mohammed Mahfoudh Al Ardhi as the new Chairman of its Board of Directors, as per a report issued by the Oman Investment Authority (OIA) on Thursday [April 8].

Upon the announcement, Mohammed Al Ardhi became the first chairman of the Board of Directors of the stock exchange.

MSM was originally established on June 21, 1988, as an independent body aiming at regulating the Omani securities market in order to complete and support the financial sector of the Sultanate.

As its core business, MSM supervised trading of shares and works to lay the foundation of price fairness while maintaining the integrity of procedures such as the settlement of rights and obligations, fundamental among which are both parties sellers and buyers dealings.