The Muscat Stock Exchange (MSX) has listed the Oman Gateway Fund, marking Oman’s first mutual fund to combine the characteristics of an open-ended fund with the flexibility of real-time trading.
United Securities, the fund’s owner and manager, confirmed the successful conclusion of the Initial Public Offering (IPO), which raised a record-breaking $68.8M (RO 26.5M). This makes it the largest public subscription for a mutual fund in Oman’s history in terms of capital.
The Oman Gateway Fund is structured as a regulated mutual fund while being simultaneously listed and traded on the MSX. Investors can buy and sell units during regular trading hours just like any listed equity, benefiting from professional portfolio management, regulated governance, and net asset value-based pricing.
This structure is a first for Oman. United Securities will leverage its proven track record managing Omani Discretionary Portfolio Management (DPMS) mandates, applying the same disciplined, research-driven investment approach to the Oman Gateway Fund.
Over the past year, MSX has witnessed a significant increase in trading turnover and daily volumes, driven by Oman Vision 2040 reforms, fiscal consolidation, and enhanced market-making activities. Oman’s improving governance and liquidity profile strengthen its potential for inclusion in FTSE and MSCI emerging market indices, attracting both passive and active capital inflows.
The Oman Gateway Fund offers investors, local and international, a professionally managed diversified vehicle to capture this opportunity at a pivotal moment in Oman’s capital market development.
Haitham Al Salmi CEO – Muscat Stock Exchange
“The listing of Oman Gateway Fund represents a key milestone in deepening Oman’s capital market and diversifying investment instruments. This traded fund enhances liquidity, pricing efficiency, and expands the investor base, further solidifying MSX’s role as a transparent and regulated market.”
Mustafa Ahmed Salman, CEO of United Securities, added that, “Raising over $68.8M (RO 26.5M) from institutional and public investors reflects strong confidence in Oman’s capital markets. By combining mutual fund discipline with the accessibility of an MSX-listed security, the Oman Gateway Fund is a first in the Sultanate. We are proud to deliver this innovation and remain committed to providing institutional-grade investment products to Omani investors.”
The listing of the Oman Gateway Fund represents a strategic milestone in enhancing MSX liquidity and market dynamism. This innovative investment vehicle aligns with Oman’s financial sector roadmap, further positioning the country as a premier destination for regional and international capital.
