The Oman Gateway Fund has raised USD 70 million through an initial public offering on the Muscat Securities Market, becoming the first mutual fund to be publicly listed in Oman. The fund’s IPO subscription period closed on 12 February and was managed by United Securities.
The listing marks a milestone for Oman’s capital markets as the country works to deepen its investment ecosystem and attract international asset managers.
The development also comes ahead of plans to launch IFC Oman, a proposed financial centre expected to introduce international fund regulations and strengthen cross-border investment flows.
Oman’s equity market has shown strong momentum, with the Muscat index rising 20% year-on-year and total market capitalisation reaching approximately $83 billion.
Gulf Economist Staff Writer