Oman Eyes Tourism, Tech IPOs After Topping London Last Year
Oman's Muscat Stock Exchange is eyeing tourism and technology-focused initial public offerings (IPOs) in 2026 as part of its strategy to increase listings and achieve emerging market status. The exchange had a successful year in 2022, outperforming the London Stock Exchange. The planned IPOs are aimed at diversifying the exchange's offerings and attracting more international investors. Oman's government is working to reduce the country's reliance on oil and gas revenues by promoting other sectors, such as tourism and technology. The upcoming IPOs are expected to contribute to this goal by providing investment opportunities in these growing industries. The exchange's management is confident that these efforts will help it achieve its goal of securing an upgrade to emerging market status, which could further boost its attractiveness to global investors.
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