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FEDERATION OF EURO-ASIAN STOCK EXCHANGES SEMI ANNUAL REPORT OCTOBER 2008MUSCAT SECURITIES MARKETAhmed Saleh Al-MarhoonDirector GeneralWe are continuously working on developingand operating an efficient and transparentsecurities market to the best standardsexpected by our local and foreign investors.We believe that exchanges that adhere togood governance, greater transparency andgreater accountability, are able to fosterinvestors’ confidence as well as creating anattractive investment environment.We at Muscat Securities Market (MSM),however, have devised a comprehensive roadmap that enables us to build capacity andpromote sustainable capital marketdevelopment strategy specifically aimed atimproving access to the regional andinternational capital markets.The MSM recently revised its legislationwith respect to listing, trading andclearance and settlement regulations toenable the MSM cater for our marketdemand.In view of the above the MSM recently revisedits legislation with respect to listing, tradingand clearance and settlement regulations toenable the MSM to cater to our marketdemand.We are endeavoring to strengthen ourexperience for a more scientifically built stockmarket.FUTURE OUTLOOK• Diversification of our investment tools.The MSM is now in the process of listingExchange Traded Funds (ETFs)• Activating the Primary Market for new issues.• Improving our technological systems to copethe development in the trading, clearance andsettlement operations.• Transformation of family enterprises intopublic joint stock companies.• Increasing investment funds which arespecialized in dealing on securities.• Attracting foreign investments.CONTACT INFORMATIONContact Name Mr. Talal H. Al NassebE-mail talal21@msm.gov.omWebsite www.msm.gov.omPAGE 72