• Issued administrative decision issuing the Takeover and Acquisition Regulation
  for public joint stock companies listed on the Muscat Securities Market (MSM).
• Published in Official Gazette on May 19 pursuant to Art. 7 of Capital Market Law.

Key Points

• Regulation aims to regulate takeover and acquisition processes at not more than
  25% of shares of pubic joint stock companies and controlling percentage in firm.
• Transparency and integrity that guarantees the protection of all participants and
  allows the market forces to interact with such offers to determine the fair prices.
• Stipulates parties it applies to, such as offeror / offeree, processes of acquisition
  and takeover, timing and terms and conditions for takeover or acquisition offers.
• Ensures equal opportunities for all the shareholders to benefit from the takeover.
• The draft was offered for consultation by the public and all the public joint stock
  companies, law firms, audit firms and interested persons for their views, opinions.