Jun 06 2012
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MCD gets account boost on initial public offerings
As per market regulations, it is mandatory for new investors to open an account with MCD before initiating trading on the Muscat Securities Market (MSM) or for participating in an IPO in Oman.
Speaking to Muscat Daily, Abdullah Hilal al Shidhani, deputy general manager at MCD, said that most of the new investors opened accounts in order to participate in the IPOs like Bank Nizwa's and others expected in 2012.
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