Omani insurers authorized to invest abroad

The Capital Market Authority (CMA) has allowed Omani insurers to seize investment opportunities abroad. They now have the ability to make up to 30% of their investments outside the Sultanate. However, the new regulation requires companies to keep 70% of their investments in the country.

According to the CMA report, the total investments of Omani insurance companies reached 754 million OMR (1.953 billion USD) in 2019, a 22% increase compared to 2018.