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About Oman

National Securities Co. SAOG
Brokerage Service - Opening Account Procedures Brokerage at its highest level

 

If you want to invest in one of SAOG companies listed in Muscat Securities Market, you can follow these steps:

 Evaluate the company you want to buy or sell its shares, you could use the assistance of NSC for more information relating to this particular share.

 Our staff is always ready to help and guide you, either by visiting us in our head premises or contact us through telephone, fax, e mail or through our mail box.

 You should have an account at Muscat Depository and Registration Company; when there is no code number NSC would help you to request the MDRC to issue one for you by filling an application form and attach a copy of your ID card. This procedure is free of charge.

Procedures to open an account with NSC:
1. Fill an application form stating your personal data i.e. name, address and contact numbers in addition to filling your signature form.
2. Attach a copy of the following documents:

S/r Type of clients Type of Document
1 Omani Individual (Adults or Minor) Id Card (civil) or Passport
2 Non - Omani Individual (Adults or Minor) Passport
3 Omani Companies Commercial Registration + the specimen of authorized signatories
4 Omani Investment Funds Royal Decree or decision for establishing the fund + the specimen of authorized signatories
5 Non-Omani Juristic person Commercial Registration + the specimen of authorized signatories (authenticated by the concerned authority)
 

A dedicated broker will be handling your account where you can keep him updated with your investing decision i.e. companies name, number of shares and prices estimated to buy or to sell.

 After dedicating the shares you require to buy the equivalent amount either by cash or a cheque to be indorsed with company and to be considered as a down payment till transaction(s) executed.

 NSC's broker will execute the order to buy or to sell according to the rules and regulations of MSM

 Following the transaction execution an invoice will processed showing client name, company name sold/purchased, number of shares, prices executed at and the total amount including the brokerage commission and date of execution.

 The settlement date is (T+3), so in case of purchase the client settles the account once the invoice is being delivered, in case of selling the company issues a cheque with net amount in the name of beneficiary and delivered on the third day from the date of the trading day after reconciling with

 The client can request a statement of shares registered in his name from Muscat Depository and Registration Company

 Brokerage Commissions:

Shares: We will charge the client a commission ranging between 0.75% as a maximum limit and 0.4% as minimum limit of the market value for each invoice for any amount from RO 1 to Ro 100,000. Where the market value is more than RO 100,000 we will charge the client 0.5% as a maximum limit of the excess amount. This percentage includes the broker’s commission and the Market’s commission.

Bonds: We will charge the client a commission of 0.1% of the market value for each order for any amount from RO 1 to RO 250,000. This percentage includes the broker’s commission and the Market’s charges. Where the market value is more than RO 250,000 we will charge the client 0.05% of the excess amount.


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