CMA launches drive to promote importance of capital markets
Published: 04:09 PM,Sep 02,2021 | EDITED : 08:09 PM,Sep 02,2021
CMA-drive
BUSINESS REPORTER
Oman’s Capital Market Authority (CMA) is joining its peers across the Gulf Cooperation Council (GCC) bloc in a region-wide drive to boost awareness of investment methods in the capital markets and the key concepts and basics related to the capital market to promote the GCC citizens’ culture of saving and investment.
The two-month-long programme, highlighting the theme, ‘Promising Investment in One Gulf’, got underway on Thursday. It focuses on GCC investment awareness during the current phase led by the Capital Market Authority of the Sultanate of Oman in two main themes, emphasising on the role of the capital market in the national economy and how to read the financial statements.
The awareness programme aims to acquaint the community with the importance of the capital market as a source of funding for huge development and investment projects supporting the economy and to emphasise on funding characteristics of the capital markets from the standpoint of issuers of securities or investors.
It also highlights the role of the market in encouraging the youth and students to save and how to utilise their savings in safe and licensed securities investment schemes to take part in the investment opportunities in the various economic sectors.
Furthermore, the ability to read financial statements is essential in order to make sound investment decisions in any listed company. Accordingly, the awareness programme will focus on how to deal with the financial statements to find out about the performance of the companies.
The campaign targets the various categories of the community with special focus on students and women in their places of work through messages via CMA social media platforms concurrently with the securities commissions of the GCC. The CMA will organise a total of four online workshops highlighting the basics of investment, the role of the capital market in the national economy, reading the financial statements and a seminar on empowering women economically to invest in the securities.
The campaign is the sixth on the level of the GCC states that started in the last quarter of 2020 as joint GCC awareness campaign on the basics of investment in the securities markets, risk avoidance, increased awareness of fraudulent methods and acquaintance with investment regulations to enhance the efficiency and soundness of transactions in the markets.
Oman’s Capital Market Authority (CMA) is joining its peers across the Gulf Cooperation Council (GCC) bloc in a region-wide drive to boost awareness of investment methods in the capital markets and the key concepts and basics related to the capital market to promote the GCC citizens’ culture of saving and investment.
The two-month-long programme, highlighting the theme, ‘Promising Investment in One Gulf’, got underway on Thursday. It focuses on GCC investment awareness during the current phase led by the Capital Market Authority of the Sultanate of Oman in two main themes, emphasising on the role of the capital market in the national economy and how to read the financial statements.
The awareness programme aims to acquaint the community with the importance of the capital market as a source of funding for huge development and investment projects supporting the economy and to emphasise on funding characteristics of the capital markets from the standpoint of issuers of securities or investors.
It also highlights the role of the market in encouraging the youth and students to save and how to utilise their savings in safe and licensed securities investment schemes to take part in the investment opportunities in the various economic sectors.
Furthermore, the ability to read financial statements is essential in order to make sound investment decisions in any listed company. Accordingly, the awareness programme will focus on how to deal with the financial statements to find out about the performance of the companies.
The campaign targets the various categories of the community with special focus on students and women in their places of work through messages via CMA social media platforms concurrently with the securities commissions of the GCC. The CMA will organise a total of four online workshops highlighting the basics of investment, the role of the capital market in the national economy, reading the financial statements and a seminar on empowering women economically to invest in the securities.
The campaign is the sixth on the level of the GCC states that started in the last quarter of 2020 as joint GCC awareness campaign on the basics of investment in the securities markets, risk avoidance, increased awareness of fraudulent methods and acquaintance with investment regulations to enhance the efficiency and soundness of transactions in the markets.