Falcom Financial Services has postponed the launch of Oman’s first exchange-traded fund (ETF), Muscat Daily reports. The Saudi investment bank is yet to receive an approval from the Capital Market Authority regarding the launch.
The firm cited unfavorable market conditions and the tense political environment in the region as the cause for the delay. Falcom Financial Services launched its first ETF in Saudi Arabia last year.
Click here for the story from Muscat Daily.