Muscat – Muscat Clearing and Depository Company, in partnership with the Muscat Stock Exchange, launched the ‘Oman Shares’ application in its first phase, in a step that is the first of its kind in the country.

In the first phase, the app will allow stock investors to obtain services provided by the company and the stock exchange from one place, and will also allow parents who have an investor number to open an account for their children. It is also equipped with the feature of updating investor data for those previously registered with the company.

 The ‘Oman Stocks’ application is now available on both Android and iOS systems, which everyone can download and start using.

Mohammed bin Saeed Al Abri, CEO of Muscat Clearing and Depository Company, said the application represents a qualitative leap in the field of stock investment in the Sultanate of Oman. It represents the first reference for investors’ dealings in stocks.  

In a statement to the Oman News Agency, he said the app has taken into account that all steps – whether opening an account or any other service – are simplified and smooth to facilitate its use by everyone. The company is also working with the Muscat Stock Exchange to add many services and data of interest to the investor, such as the service of attending general assembly meetings, viewing trading reports and distributed profits, buying and selling shares without the need to deal directly with brokers, and many others.

The application is linked with the Mala’a Center of the Central Bank of Oman, which allows verifying the investor’s bank data without the need to fill in the data manually. This will reduce errors in the process of entering bank data and also facilitate the receipt of profits to those entitled by using the correct investor data.

Muscat Clearing and Depository Company called on all those wishing to invest in the Muscat Stock Exchange to quickly obtain a new investor number or update data.

To ensure that everyone has equal investment opportunities, Android and iOS users can download the application from the store and proceed to opening an account or updating data. These services are also available through the company’s website.