BSE Training Institute inks MoU with Muscat Securities Market

BSE Training Institute Ltd (BTI) today said it has entered into a bilateral cooperation agreement with Muscat Securities Market (MSM) to set up an institute in Sultanate of Oman.

Both MSM and BTI have appreciated each other's objectives in promoting excellence in professional education in capital and financial market and have agreed to enter into this agreement for the mutual benefit and advantage by conducting financial markets training in Muscat, BTI said in a statement here.

The agreement had been signed by Ahmed Saleh Al-Marhoon, the Director General of MSM and Ambarish Datta, Managing Director and CEO, BSE Training Institute Ltd.

The BSE Training Institute has been conducting many training programs in the domain of financial markets over the last 22 years. These programmes have seen very good participation from GCC countries, which have flown down to India to attend these programmes.

"With the increasing importance given to capacity building in the areas of financial markets among GCC countries, there is a strong need for a wide range of training programmes in this domain. Therefore we have decided to set up an institute right here in collaboration with Muscat Securities Market. We believe this will go a long way in enhancing the knowledge and skills of market professionals as well as students in this region," Datta said.

The Muscat Securities Market (MSM) was established by the Royal Decree 1988 to regulate and control the Omani securities market and to participate, effectively, with other organisations for setting up the infrastructure of the Sultanate's financial sector.