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Omani market receives 18 new joint-stock firms in 2018

Omani market receives 18 new joint-stock firms in 2018
Joint stock companies' number hit 380

Mubasher: A group of 18 closed joint stock companies were licensed in Oman during 2018, with total capital of OMR 14.23 million ($36.99 million), Oman News Agency (ONA) stated on Saturday.

The number of Omani joint stock companies reached 380 at the end of the last year, with total capital of OMR 8.4 billion, director of audit and control department on commercial establishments at the Ministry of Commerce and Industry, Khalid bin Khamis al-Masroori, revealed.

“The number of companies subject to the foreign capital investment law, increased to 8811 companies with capitals that stood at OMR 3.76 billion until the end of last December 2018,” ONA reported, citing al-Masroori.