Muscat Stock Exchange actively took part in the 3rd Edition of the GCC Exchanges Conference, which was organized by HSBC and held in London from June 10-13, 2024. The primary objective of the conference was to foster collaboration and partnerships between GCC stock exchanges and global investors, while also facilitating access to investment prospects in the region. Additionally, the event aimed to shed light on significant developments and challenges that lie ahead for the future of financial markets and regulatory advancements.
This conference stands out as one of the largest gatherings in terms of participation, attracting notable delegations that engaged in numerous discussion sessions and meetings focused on the development of financial markets, reforms, economic diversification strategies, and investments that support the transition towards a more sustainable economy. Key GCC financial markets, officials, representatives from GCC stock exchanges, international investors, policymakers in the Middle East, and stakeholders from both the public and private sectors were all present at the conference.
During the event, Haitham Salim Al Salmi, the CEO of the Muscat Stock Exchange, actively participated in several meetings with prominent international fund and asset managers. His involvement aimed to provide comprehensive information about the companies listed on the Muscat Stock Exchange and the various investment opportunities available in the capital market of Oman.
During the conference, Al-Salmi took part in a panel discussion where he assessed Oman's investment rating and conducted a thorough analysis of the factors contributing to the country's distinguished investment rating. He highlighted the stability of the Omani economy, the robustness of its financial system, and its dedication to maintaining a secure and appealing investment environment. The session also delved into Oman's ambitious economic diversification plans, its strategy to broaden income sources, and the pivotal role of capital markets in propelling private sector growth and providing essential financing for development. Al-Salmi also outlined the steps taken by MSX to attract both local and foreign investments, shedding light on Oman's future economic vision and growth strategies.
The CEO of MSX stressed that "the conference serves as an excellent platform for addressing the challenges and opportunities encountered by the securities market in the Gulf region, sharing insights and information, engaging with investors, institutions, and multinational corporations, understanding their needs, and delivering solutions and services that align with their goals." He concluded by reiterating Muscat Stock Exchange's unwavering commitment to bolstering economic development initiatives in the Sultanate and solidifying its position as a premier financial hub in the region.
Elie El Asmar, the CEO of HSBC Bank Middle East Limited – Oman Branch, expressed his pride in the bank's role in facilitating connections between Oman and global opportunities. He also highlighted Oman's potential to achieve its ambitious 2040 vision program, which aims to diversify the economy and promote private sector growth. The participation of all GCC stock exchanges in the conference further demonstrates their dedication to fostering mutual cooperation, strengthening partnerships, and driving the development of financial markets across GCC countries.
