MUSCAT : The FSA issued Administrative Penalty Decision No. 21/2026 on August 24, 2026, citing the company’s delayed disclosure of the audited financial statements after they were approved by its Board of Directors.
The warning was issued under Article 58/A of the Securities Law promulgated by Royal Decree No. 46/2022.
Muscat Insurance said the regulatory decision relates solely to the timing of the financial disclosure and does not involve a monetary penalty or any restriction on its insurance operations.
The company said it remains fully committed to complying with applicable laws and regulatory requirements, reaffirming its focus on sound corporate governance and operational integrity.
For all the latest news from Oman and GCC, follow us on Twitter, Instagram and LinkedIn, like us on Facebook and subscribe to our YouTube page, which is updated daily.
Read More
- Global air passenger demand edges up 0.2% YoY in July despite collective declines by carriers in North America and Middle East: IATA
- Saud Bahwan Automotive LLC honored for the second consecutive year for Excellence in National Workforce Empowerment
- Oil prices jump above $91 as US-Iran conflict reignites
- ESO completes landmark environmental assessment of Wadi Dawkah
- European stocks fall as oil prices and bond yields rise
