Five firms receive quality disclosure awards

April 30 – As part of its efforts to encourage strict adherence to disclosure regulations, the Muscat Securities Market (MSM) felicitated five listed companies with 2018 Quality Disclosure Awards.

While speaking on the occasion, Ahmed bin Saleh al Marhoon, Director General of MSM said that the award has been instituted to motivate companies listed on the bourse to be more transparent in their activities.

“All listed companies should comply with the rules and regulations unveiled by the Capital Market Authority regarding disclosures and corporate governance”, he said.

The recipients of the 2018 Quality Disclosure Awards are Al Anwar Ceramic Tiles, Bank Muscat, Bank Nizwa, Semcorp Salalah and Al Anwar Holding.

The ceremony was held at MSM trading hall, under the auspices of Abdul Salam bin Mohammed Al Murshidi, CEO of the State General Reserve Fund in the presence of a number of CMA officials and executives of listed companies.