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Oman: Sultan’s Decree No. 57 of 1993 Issuing Provisions Regulating Gulf Investment

 

Title

 

  

Oman: Sultan’s Decree No. 57 of 1993 Issuing Provisions Regulating Gulf Investment

 
 

Date of adoption

 

 10 October 1993
 

Entry into force

 

 In effect
 

Text versions

 English

Arabic

Source:

– Ministry of Legal Affairs, Sultanate of Oman, accessed: 09 March 2015, http://www.mola.gov.om/mainlaws.aspx
 

Abstract

 
Citizens of the GCC Countries may acquire shares in public joint stock companies fully owned by Omani citizens so long as those shares do not exceed 25% of the company’s capital. This is applicable to all economic activities in the Sultanate subject to the approval of the companies’ General Assemblies (Art. 1).

 

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