The Oman Financial Services Authority (FSA) issued an administrative decision temporarily suspending the licence of Thara Global Business LLC for three months after the firm failed to meet minimum required capital and shareholders’ equity requirements. The suspension is linked to the Executive Regulation of the Capital Market Law issued by Decision 1/2009. The measure applies for three months or until the company rectifies its status to comply with legal requirements, under Article 58(g) of the Securities Law.
Oman Financial Services Authority 2026-02-16
Oman Financial Services Authority suspends Thara Global Business LLC’s securities licence for three months over capital shortfall
The Oman Financial Services Authority has temporarily suspended the licence of Thara Global Business LLC for three months due to non-compliance with minimum capital and shareholders’ equity requirements. This action is in accordance with the Executive Regulation of the Capital Market Law and Article 58(g) of the Securities Law.