The Board of Directors of the Capital Market Authority held its first meeting for the year 2019. The meeting was chaired by HE Yahya Said Al Jabri, Chairman of the Daqum Special Economic Zone Authority and Chairman of the CMA.
The meeting ratified the audited financial statements of CMA, Investor Trust Fund, Insurance Emergency Fund and the Fund for Assistance of Injured Persons, Heirs of Deceased and Compensation for Damage Incurred in Traffic Accidents for the year that ended on 31 December 2018, the external auditors report and management letter as well as ratifying the estimated budget of Oman Centre for Governance and Sustainability (OCGS) for the year 2019.
The meeting also ratified appointment of the external auditors of CMA and MSM for the year ending on 31 December 2019 as well as the issuance of the articles of Insurance Emergency Fund . The Board reviewed the latest development in the implementation of the health insurance for the employees of the private sector, expatriates and visitors.
The board agreed, in light of the Government’s endeavors to implement e-government, to enhance the budget to implement XBRL filing system for disclosure of financial statements of listed and licensed companies.
The board reviewed the key activities and achievements of CMA, OCGS, MSM and MCDC as well as the performance of MSM and Arab stock markets and the performance of the companies.