The Commercial Companies Law promulgated by Royal Decree No. 18/2019 (the “CCL”) is the cornerstone of company law in Oman. The Ministry of Commerce, Industry and Investment Promotion (the “MOCIIP”) has now published the Regulations that apply to all forms of Omani commercial companies other than public joint stock companies. The Regulations were published in the Official Gazette on 24 October 2021 and came into force on 25 October 2021. Below is a high-level summary of certain key changes that have been implemented by the Regulations. It is not at this time possible to assess how certain of these provisions will be interpreted and shaped by the MOCIIP in practice.
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