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Muscat Depository & Securities Registration Company SAOC

Muscat Depository & Securities Registration Company SAOC. COMPANY PROFILE. Agenda. Pre-Depository Scenario in OMAN Company Formation Ownership Profile Core Services Specialize Services Recent Developments Future Plans. Pre-Depository Scenario in OMAN. Paper based settlement

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Muscat Depository & Securities Registration Company SAOC

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  1. Muscat Depository & Securities Registration Company SAOC COMPANY PROFILE Company Profile

  2. Agenda • Pre-Depository Scenario in OMAN • Company Formation • Ownership Profile • Core Services • Specialize Services • Recent Developments • Future Plans Company Profile

  3. Pre-Depository Scenario in OMAN • Paper based settlement • Shareholder Register with Companies • Bad Deliveries • Delayed Transfer of Title • Decentralize Depository Services • Depository as Department in MSM Company Profile

  4. Company Formation • MDSRC is a closed joint stock company established in November 1998 under Royal Decree No. 82/98. • Began Operations as an independent company on 1 January 1999. • 25 Years Duration & Renewable with consent of the CMA. • Regulated by Capital Market Authority (CMA) Company Profile

  5. Company Formation • Use of MDSRC is required by law for both settlement & safekeeping of securities. • All securities in MDSRC are dematerialised. • Transfer of Government Bonds to MDSRC in August 2003. Company Profile

  6. Ownership Profile • Joint Stock Company. • 40% owned by Muscat Securities Market (MSM), Stock Exchange of the Country. • 60% Owned by Brokerage Firms, Investment Companies and Banks. Company Profile

  7. Core Services • Custodian of All Financial Securities • Settlement & Safe Keeping • Corporate Actions • Register Maintenance • Issuer Services • Investor Services • Brokerage Firms Services Company Profile

  8. Specialize Services • Dividend Distribution • Facilitating organizing of Company AGM • Facilitating IPO Management • Authorization System • Government Bonds Interest & Principle Distribution • Facilitating Investor Trust Fund to distribute unclaimed dividends etc. Company Profile

  9. Recent Developments • Listing of OMANTEL with 162,000 investors, biggest ever investor turnover. • Participation in Successful Launch of New Trading system in MSM • Successful Integration of New Trading System with Depository System • Launch of New Authorization System Company Profile

  10. Future Plans • Settlement Services • New World Class Settlement & Depository system • Initiatives for Regional Integration of Depositories Company Profile

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