Wednesday, 31 May 2023
GBSA and BankDhofar hold Oman Debt Capital Markets Conference

GBSA and BankDhofar hold Oman Debt Capital Markets Conference

The conference was held below the patronage of H E Shaikh Abdullah bin Salim al Salmi, executive president of the Capital Market Authority, with the presence of Abdul Hakeem Omar al Ojaili, CEO of BankDhofar, Sohail Niazi, chief executive at Maisarah Islamic Banking, and Mohsin Shaik, senior executive manager at Maisarah Islamic Banking Services. In his inaugural speech, H E Salmi expressed the significance of dynamic fixed revenue industry to the improvement, economic stability and diversification of nearby economy.

Ojaili, CEO of BankDhofar, stated, “We are glad to take part in this important conference which is a good platform to share insights on capital markets, growth prospective and future economic outlook. At BankDhofar, we are always keen to be part of initiatives that play a role in driving the growth of the national economy.”

Niazi, who was a single of the speakers, stated, “As Oman moves forward with its economic development plan, the debt and equity capital markets are well positioned to provide the necessary support and infrastructure to private and public sectors to continue robust growth and meet their economic objectives.”

He also talked about that sukuk issuance is currently displaying a prospective to grow to be an crucial economic option to meet the funding wants of private sector in Oman. Shaik stated, “Capital market has enabled business entities to access more external financial sources while reducing their reliance on bank loans and fiscal appropriations.”

Information Source: Muscat Daily

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