Omani insurers authorized to invest abroad
The Capital Market Authority (CMA) has allowed Omani insurers to seize investment opportunities abroad. They now have the ability to make up to 30% of their investments outside the Sultanate. However, the new regulation requires companies to keep 70% of their investments in the country.
According to the CMA report, the total investments of Omani insurance companies reached 754 million OMR (1.953 billion USD) in 2019, a 22% increase compared to 2018.
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Thu, 03/09/2020 - 15:32
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