His Majesty Sultan Haitham bin Tarik issued Royal Decree No 57/2021, on promulgating the System (Bylaw) of Oman Investment Authority, on Wednesday.
Article 1 stipulates that the provisions of the System of Oman Investment Authority, attached to this decree, will be enforced.
Article 2 states that the Chairman of the Board of Oman Investment Authority will issue the organisational regulations of the authority, as well as other regulations and decisions necessary for the application of the system attached. Till such time, the existing regulations and decisions will continue to be enforced without prejudice to the provisions of the system attached (to this decree).
Article 3 cancels all that contradicts the attached system or contravenes its provisions.
Article 4 states that this decree will be published in the Official Gazette and enforced on the day following its date of publishing.
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