KUALA LUMPUR, Sept 10 (Bernama) — The Securities Commission Malaysia (SC) and the Financial Services Authority (FSA) of Oman today signed a Joint Programme for Capital Market Development Cooperation to advance a strategic partnership between the two authorities.
The SC said in a statement that the two-year collaboration will focus on joint capacity building initiatives, knowledge exchange and the promotion of Malaysia and Oman as attractive investment destinations.
Key areas of cooperation include joint promotion of Malaysian and Omani investment opportunities, exploring a mutual recognition agreement to support cross or dual listings, staff exchange and training programmes, as well as knowledge sharing on research, policies and market development strategies.
SC chairman Datuk Mohammad Faiz Azmi said the joint programme marked another SC milestone engagement with its counterparts in the Gulf Cooperation Council (GCC), particularly the Oman FSA.
“Through this collaboration, we aim to enhance knowledge exchange, promote each market’s unique investment proposition – ultimately driving sustainable growth across both conventional and Islamic capital markets. Together, we are building a partnership that benefits our markets, investors and economies,” he said.
Oman FSA executive president Sheikh Abdullah Salem Al Salmi said their partnership with the SC is a bridge between the ASEAN and GCC capital markets.
“With the signing of our joint cooperation programme, we are building on strong foundations and expanding collaboration in areas such as capacity building, sustainable finance and market innovation. Thereby laying the groundwork for resilient, trusted and globally connected financial markets that will benefit both countries and the wider region,” he said.
The SC also held engagements with key stakeholders in Oman this week to showcase Malaysia is an attractive destination for economic collaboration and cross-border investment opportunities.
At meetings with GCC and Omani investors, Bursa Malaysia chief executive officer Datuk Fad’l Mohamed also shared Malaysia’s capital market strengths and opportunities, with discussions stressing the role of Islamic finance in boosting cross-border funding and opening prospects in wealth management and family offices.
— BERNAMA
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