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00:00We work with the investment agency to integrate three companies from different sectors.
00:05Last year, it was very important to integrate a sector that was absent from the market,
00:10which is the oil and gas sector.
00:12Therefore, two companies entered this sector.
00:14Also, a third company is expected to be introduced this year.
00:17The most important for Borsa is the company that will enter a new field, which is logistics.
00:23We also have a company in the field of utilities, which can also be integrated this year.
00:29Three companies are now in the pipeline, and we are working directly with the Omani Investment Agency.
00:33Khalil, I would like to ask you about the dates and the duration of the implementation on the ground,
00:39and what we see on the screens for these companies.
00:42At the moment, as I mentioned, three companies have already started.
00:46One of the companies, I think, has already been appointed as the export manager,
00:50and other companies are now in the field.
00:52Of course, we expect that all of them will be in the last quarter of this year.
00:57We are doing our best to launch and launch them during this year.
01:02It is expected that the total value of these proposals is approximately $4 billion as a market value.
01:09It will enter the market, God willing.
01:13You mentioned the oil and gas sector and the logistics sector.
01:15What are the other sectors that you are trying to reach these companies so that we can see them in the markets?
01:21Of course, the Omani Investment Agency has 160 companies in different sectors.
01:26Of course, since the country is an oil country, the companies that are ready and mature for the pipeline
01:33are mostly in the oil and gas sector.
01:36We are still working with the investment agency to make other sectors ready.
01:40Therefore, we have now entered a new sector, which is the logistics sector.
01:44We hope, God willing, that during the next period, next year, we will also see the technology sector, which is the ICT.
01:50We also hope to see companies that are in the tourism sector, which is also absent.
01:56We are working directly with the investment agencies.
01:59The medical sector is also absent from the market, but it is still immature and not ready.
02:05Therefore, we continue to welcome the ready sectors.
02:09The main goal of the stock market is to improve.
02:12Perhaps, the sectors are not important in improving.
02:15The market size is large and suitable for global signals to move the stock market to an emerging stock market.
02:22We expect the stock market to move from its limits to an emerging stock market.
02:27When and what are the steps that are still to be taken?
02:31All the steps related to the technical capabilities have been completed.
02:36The technical requirements are complete with us in the stock market.
02:39The market size, trading sizes, and free stocks remain.
02:44We are working on them.
02:46We have two companies that are very close.
02:48One is a complete company in terms of requirements.
02:52The second company is close.
02:53We work with the government to reach the requirements in terms of market size.
02:57The third company will be one of the proposals that will be proposed during this year.
03:01We hope that this year will be a year to meet all the requirements for improvement.
03:07The main focus is on MSCI.
03:10Then, we will enter into other indicators such as FTSE and others.
03:14Is the current talk about an investment device only?
03:18Or are there companies that follow the private sector and are encouraged by these latest proposals?
03:22As for the private sector, we are working closely with the government.
03:26In the coming days, a package of facilities and incentives will be announced for these companies to step up.
03:34We are trying to create a commercial incentive for these family companies to step up in the stock market.
03:40Then, we will launch promotions and promotions campaigns to attract these companies.
03:45What are the incentives that can be offered?
03:47Are they facilities related to stepping up and so on?
03:50Or any other incentives?
03:52What are the nature of the facilities that can be offered?
03:54The facilities that will be offered are related to the reduction of fees, tax reductions,
04:03and a certain priority in the discounting council,
04:08as well as the allocation of land to these companies,
04:14according to the type of company and the type of activities it offers.
04:18Therefore, all these facilities will be available to these companies so that they can use them.
04:23How much will the reduction of fees related to fees and taxes be?
04:28Unfortunately, I can't tell you.
04:30This is all part of the financial sustainability program of Oman and it will be announced soon, God willing.
04:38I would like to ask you about the latest income and also about what you are doing in relation to the property center.
04:45We are actively working on increasing free shares.
04:51One of the most important challenges we were facing was the inclusion of retirement boxes.
04:5511 boxes were moved to one box, and as a result, the property center increased.
04:59However, the government was aware of this issue and worked closely with the social protection box
05:06to divide the property to municipalities run by the municipalities' management companies
05:12and to establish liquidity boxes that enhance the market liquidity.
05:18Some of the other products that we are working on in relation to the property center
05:22are the lending and borrowing of financial documents, which will be announced in the coming months.
05:28The second quarter, for example, will be lending?
05:30Thank God.
05:31There will be a process of transferring shares to companies or market makers to benefit from them.
05:37During the past period, from the beginning of the year until now,
05:40we have hired four liquidity providers for the main shares.
05:43We are now working on a liquidity box.
05:45Some banks also took the initiative to hire liquidity providers,
05:48and we will announce them in the coming month.
05:50I have a question for you.
05:51How many issuances are currently and what is expected during the current period?
05:57Of course, the issuances and withdrawals are ongoing, especially with banks in relation to their capital.
06:04As a result, the permanent issuances are issued continuously.
06:07For example, one bank announced the distribution of free bonds instead of the distribution of free or share profits.
06:17All of this will be strengthened.
06:19But let's focus on the government and what the government is doing.
06:22One of the most important projects of the government is the creation of a dividend yield.
06:26This indicator will be the indicator of the interest rate on government bonds.
06:32The country's interest rate is lower than its investment rate,
06:38so all of this will reflect positively on the country.
06:41However, despite the benefits in the country's balance sheet,
06:45the government has continued to put in place a clear and timely program
06:50to issue government bonds to create a dividend yield,
06:54regardless of the development programs, which will be financed through these bonds.