LONDON: Muscat Stock Exchange participated in the 3rd Edition of the GCC Exchanges Conference organized by HSBC held in London from June 10-13, 2024. The conference aimed to enhance cooperation and partnerships between GCC stock exchanges and global investors, facilitate access to investment opportunities in the region, and shed light on important developments and challenges for the future of financial markets and regulatory developments.
The conference is one of the largest in terms of participation, with significant delegations holding many discussion sessions and meetings related to developing financial markets, reforms, economic diversification strategies, and investments supporting the transition towards a more sustainable economy. The conference witnessed the participation of key GCC financial markets, officials, representatives from GCC stock exchanges, international investors, policymakers in the Middle East, and stakeholders from both the public and private sectors.
During the conference, Haitham Salim Al Salmi, the CEO of the Muscat Stock Exchange, participated in several meetings with prominent international fund and asset managers, providing investors with comprehensive information about companies listed on the Muscat Stock Exchange and the available opportunities in the capital market in Oman.
Commenting on the conference, Haitham bin Salem Al-Salmi reiterated MSX's commitment to attracting foreign investments and enhancing global partnerships through its participation for the second time in GCC Exchanges Conference.
Al-Salmi participated in a panel discussion during the conference, evaluating Oman's investment rating and providing a detailed analysis of the factors contributing to Oman's distinguished investment rating, highlighting the stability of the Omani economy, the strength of its financial system, and its commitment to ensuring a safe and attractive investment environment. The session also discussed Oman's ambitious economic diversification plans, Oman's economic strategy aimed at diversifying its sources of income, as well as the role of capital markets in driving private sector development and providing the necessary financing for private sector growth and development. Al-Salmi pointed out the measures taken by MSX to attract more domestic and foreign investments, and Oman's future vision for the economy and growth drivers.
The CEO of MSX emphasized that "the conference provides an ideal platform for discussing the challenges and opportunities facing the securities market in the Gulf region, exchanging experiences and information, communicating with investors, institutions, and multinational companies, understanding their needs and requirements, and providing offers and services that meet their aspirations." He concluded his statement by reaffirming the Muscat Stock Exchange's commitment to supporting economic development efforts in the Sultanate and enhancing its position as a leading regional financial center.
Elie El Asmar, CEO, HSBC Bank Middle East Limited – Oman Branch, commented: "We play a proud role in connecting the Sultanate with opportunities around the globe and vice versa. Oman is very well placed to deliver on its ambitious 2040 vision programme to further diversify the economy and grow the private sector.” The participation of all GCC stock exchanges in the conference confirms their commitment to enhancing mutual cooperation, consolidating fruitful partnerships, and driving the growth of financial markets across GCC countries."
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