Oman: Sultan’s Decree No. 57 of 1993 Issuing Provisions Regulating Gulf Investment
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Title
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Oman: Sultan’s Decree No. 57 of 1993 Issuing Provisions Regulating Gulf Investment
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Date of adoption
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10 October 1993 |
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Entry into force
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In effect |
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Text versions |
English
Source: – Ministry of Legal Affairs, Sultanate of Oman, accessed: 09 March 2015, http://www.mola.gov.om/mainlaws.aspx |
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Abstract
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| 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). | |