SC, FSA Oman Agree to Enhance Capital Market Development and Capacity Building

Kuala Lumpur, 10 September 2025

The Securities Commission Malaysia (SC) and the Financial Services Authority (FSA) of Sultanate of Oman today signed a Joint Programme for Capital Market Development Cooperation to advance a strategic partnership between the two authorities.

The Joint Cooperation, aimed at promoting resilient, transparent, and innovative capital markets, was signed by the SC Chairman Dato’ Mohammad Faiz Azmi and the Executive President of the FSA H.E. Abdullah Salim Al-Salmi, in Muscat.

The two-year collaboration will focus on joint capacity building initiatives, knowledge exchange and the promotion of Malaysia and Oman as attractive investment destinations.

Key areas of cooperation include:

  • Joint cross-market promotion of Malaysian and Omani investment opportunities to investors in both countries;
  • Assessing the feasibility of having a mutual recognition agreement between the SC and FSA Oman to promote the cross/dual listing of products and listed companies;
  • Joint development programmes including staff secondment and other training programmes;
  • Knowledge sharing on published capital market research, policy frameworks, and market development strategies

As part of this cooperation, the SC welcomed the participation of FSA Oman regulators in the Young Regulators Development Programme, organised in collaboration with Durham University, United Kingdom.

The SC Chairman Dato’ Mohammad Faiz Azmi said that the Joint Programme signed today marked another SC milestone engagement with its counterparts in the Gulf Cooperation Council (GCC), particularly the FSA Oman.

“Through this collaboration, we aim to enhance knowledge exchange, promote each market’s unique investment proposition — ultimately driving sustainable growth across both conventional and Islamic capital markets," he said.

"Together, we are building a partnership that benefits our markets, investors and economies,” he added.

H.E. Sheikh Abdullah bin Salem Al Salmi, Executive President of the FSA said, “Our partnership with the Securities Commission Malaysia is a bridge between ASEAN and GCC capital markets. With the signing of our joint cooperation programme, we are building on strong foundations and expanding collaboration in areas such as capacity building, sustainable finance and market innovation. Thereby laying the groundwork for resilient, trusted and globally connected financial markets that will benefit both countries and the wider region.”

The SC also held engagements with key stakeholders in Oman this week to showcase Malaysia as an attractive destination for economic collaboration and cross-border investment opportunities.

At the larger engagements with GCC & Omani investors, Bursa Malaysia CEO, Dato' Fad'l Mohamed also presented and shared the key strengths of Malaysia's capital market, and the opportunities presented.

Discussions also highlighted the role of Islamic capital markets in enabling greater cross-border funding flows and new opportunities in areas such as wealth management family offices.

As of June 2025, Bursa Malaysia recorded 855 Shariah-compliant securities, representing 80.58% of total listed securities. These span across key sectors such as industrial products and services, consumer products and services, technology, and property.

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The Securities Commission Malaysia (SC) was established on 1 March 1993 under the Securities Commission Act 1993 (SCA). We are a self-funded statutory body entrusted with the responsibility to regulate and develop the Malaysian capital market.

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