MSX signs deal to advance sustainable finance transition

21/05/2026 03:15 AST

The Muscat Stock Exchange (MSX) on Wednesday signed a cooperation agreement with NetZero Era Company to support the Omani capital market's transition towards sustainable finance.

The agreement was signed on the sidelines of the ongoing Oman Sustainability Week 2026 at the Oman Convention and Exhibition Centre.

The agreement reflects MSX's ongoing commitment to supporting the transition towards sustainable finance and promoting the development of carbon markets in Oman, in line with global trends related to sustainability and climate action.

The initiative forms part of MSX's efforts to strengthen the role of the capital market in supporting the green economy and fostering a more sustainable and resilient investment environment. This includes adopting global best practices in Environmental, Social and Governance (ESG) standards and climate-related finance.

The agreement aims to support the development of sustainable financial instruments, enhance the exchange of knowledge and data, and expand cooperation on sustainability and carbon market initiatives. It is also expected to improve market efficiency and strengthen readiness to attract investments linked to the transition to a low-carbon economy.

In addition, the agreement is expected to reinforce MSX's position as a leading regional hub for sustainable finance and support the goals of Oman Vision 2040, particularly in the areas of sustainability, climate resilience and green economic growth.

Through the agreement, the Muscat Stock Exchange reaffirmed its commitment to developing the capital market ecosystem and strengthening the integration of finance and sustainability. The exchange said this approach would enhance market competitiveness and investor confidence, in line with global efforts to build more sustainable and future-ready economies.

Meanwhile, the Muscat Stock Exchange on Tuesday celebrated the fifth anniversary of its institutional transformation, one of the most significant developments in the Omani capital market sector in recent years. The transformation began in 2021, when the exchange became a wholly owned subsidiary of the Oman Investment Authority, a move aimed at enabling it to play a more effective role in supporting the national economy and attracting investment.

During the ceremony, key milestones and achievements since the transition to the new institutional model were reviewed. These highlighted the exchange's efforts to enhance operational efficiency, improve market attractiveness, and strengthen its position regionally and internationally as a more competitive and open financial platform.

Muscat Daily