MUSCAT : The Capital Market Authority stated that it has followed up on the disclosures published on the Muscat Stock Exchange (MSX) website by Bank Dhofar and Ominvest to acquire the shares of the Ahli Bank listed on the MSX.

It has also followed up on the inquiries that reached the Authority and those circulated on various social media from shareholders and stakeholders about the details of the offered acquisition offers.

Based on that, the CMA issued the following statement:

‘The Authority would like to assure all shareholders and stakeholders that this process is subject to the regulatory provisions stipulated in the Regulation of Acquisition and Takeover issued by the Authority – Resolution No. 2/2019 dated May 9, 2019.

‘The entities participating in the acquisition and control process must abide by the provisions of the regulation, and in particular the regulatory standards stipulated in Article 5 of the Regulation represented in observing the highest standards of integrity and transparency, providing fair treatment to all shareholders, and ensuring that information is not provided to shareholders on a selective basis during the offer of control, and ensuring that dealers are not misled in the matter.

‘On the other hand, the Capital Market Authority stresses the need for investor relations departments in the entities participating in this process to carry out the tasks entrusted to them, especially organizing channels of communication with the public and working according to the controls of interaction between public joint-stock companies, analysts, investors and the media.’

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.