His Majesty Issues Three Royal Decrees Establishing a New Market for Promising Companies and Ratifying Visa Waiver Agreements

His Majesty Sultan Haitham bin Tarik has issued three new Royal Decrees, including the establishment of a new market within the Muscat Stock Exchange and the ratification of two international visa waiver agreements. These initiatives mark a significant step towards enhancing Oman’s investment climate and expanding international cooperation.

📌 Royal Decree No. (18/2025) – Establishment of the “Promising Companies Market”

Under this decree, a new sub-market called the “Promising Companies Market” will be established within the Muscat Stock Exchange (MSX). The market will operate under the supervision of the Financial Services Authority, which will also define incentives and facilitation measures for registered companies in coordination with relevant authorities.

📌 Royal Decree No. (19/2025) – Ratification of the Visa Waiver Agreement Between Oman and the Maldives

His Majesty ratified an agreement between the Government of Oman and the Republic of Maldives, allowing mutual visa exemption for holders of diplomatic, special, service, and official passports. This move aims to strengthen diplomatic relations and facilitate travel between the two countries.

📌 Royal Decree No. (20/2025) – Ratification of the Visa Waiver Agreement Between Oman and Mongolia

In a similar move, His Majesty approved an agreement between Oman and Mongolia for the mutual exemption of visa requirements for diplomatic, special, service, and official passport holders. This agreement is expected to enhance trade and diplomatic cooperation between the two nations.

These decrees reflect Oman’s commitment to economic development, trade facilitation, and expanding diplomatic engagement on the global stage.