The Oman Financial Services Authority has issued a comprehensive regulation for the Alternative Investment Market (AIM), establishing the rules that will govern AIM listings following Royal Decree No. 18/2025. The framework sets out how small and medium-sized enterprises, start-ups and specialised funds can access the market and the core conditions they must meet to list and remain listed. The regulation covers both direct and indirect listing procedures and specifies key listing conditions, including minimum capital requirements, investor restrictions and disclosure obligations. It also introduces founder lock-up periods, mandates quarterly and annual reporting, and sets out applicable service fees, with the stated aim of expanding financing options, strengthening corporate governance, and improving liquidity and transparency in Oman’s capital markets.