Ubhar Capital (U Capital) has signed a business partnership agreement — the first-of-its-kind in the Sultanate of Oman — with FIRST Information Technology (FiT) for Market Making (MM) & Liquidity Providing (LP) solutions for Muscat Stock Exchange (MSX).
This agreement is aligned with MSX strategies and plans to promote public offerings, diversify capital markets solutions, and encourage investment and facilitate it to investors in order to accomplish market upgrade and prompt the return of capital markets to the center stage of economic development in the Sultanate of Oman.
Through this tie-up, U Capital will be able to provide best in business LP and MM Services to all listed companies in Oman, which would like to avail this opportunity. U Capital, in partnership with UAE based Al Ramz Corporation Investment and Development PJSC (Al Ramz), was earlier appointed by MSX as an advisor to the Exchange for developing the country’s capital market in line with Oman’s vision 2040.
FIT is a leading software solution provider specialized in End-to-End MM/LP and investment software solutions for more than 20 years and serving major investment banks and institutions in Eight Stock Exchanges across MENA region.