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MUSCAT - Bank Muscat SAOG announced on Thursday it has appointed Ubhar Capital SAOC (U-Capital) as a liquidity provider for its shares listed on the Muscat Stock Exchange (MSX).
The agreement follows shareholder approval received during the company’s Annual General Meeting held on March 26, 2025. According to the bank’s statement, U-Capital will begin providing liquidity services on July 6, 2025.
The one-year agreement, which is subject to renewal, will see U-Capital operating independently within specific controls and standards in accordance with MSX Resolution No. 73/2023 Issuing the Market Making Regulation.
Waleed K. Al Hashar, Chief Executive Officer of Bank Muscat, signed the agreement, which the bank says aligns with MSX’s strategy to encourage investment activities and enhance capital markets to support economic development and Oman’s Vision 2040.
The appointment of a liquidity provider typically aims to improve trading volumes and price stability for a company’s shares on the exchange.
Bank Muscat made this announcement through a disclosure to the market based on a press release statement.
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