MUSCAT – The decision follows the firm’s violation of Article 183 of the Regulation for Public Joint Stock Companies, issued under Decision No. 27/2021, in accordance with Articles 43 and 177 of the Commercial Companies Law promulgated by Royal Decree No. 18/2019.

The violation pertains to the firm’s review and certification of the minutes of the extraordinary general meeting of Sweets of Oman Company (SAOG) held on January 5, 2023, despite the procedures not complying with applicable laws and regulations.

Under the decision, the boards of directors of public joint-stock companies are required to terminate any existing contracts with the firm and appoint another legal advisor from among the firms accredited by the FSA. The decision took effect on 4 November 2025.

The FSA affirmed that this decision comes as part of its commitment to strengthening the principles of governance, transparency and integrity in the operations of public joint-stock companies, and to ensuring that law firms accredited by the FSA comply with the professional and regulatory requirements issued in this regard.

The Authority pointed out that such actions reinforce confidence in Oman’s business and investment environment.