Corporate Governance 2025
Primary sources of law, regulation and practiceWhat are the primary sources of law, regulation and practice relating to corporate governance? Is it mandatory for listed companies to comply with listing rules or do they apply on a ‘comply or explain’ basis?>>🔗
The primary legislation, regulatory provisions and codes of practice governing corporate governance in the Sultanate of Oman (Oman) are:
the Commercial Companies Law (Oman Sultani Decree No. 18/2019) (the CCL), which is applicable to all commercial companies whose principal place of business is Oman or who are carrying out their activities in Oman;
the Securities Law (Oman Sultani Decree No. No. 46 of 2022) (the Securities Law), which is applicable to capital market institutions, entities operating in the field of securities-related services and products as well as credit rating agencies;
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