The application of laws and regulations, the development of financial policy, the definition of objectives and financial procedures, supervision of the preparation of the budget, the budget and all matters relating to personnel affairs .
Prepare a budget of revenues and expenses for each financial year' tenders, auctions, purchases, review of exchange documents, and determine the financial bank of each document and record them in the books of account according to the cycle established in the financial regulations .
Follow-up maintenance of the company's building in all technical aspects, record the use of the company's cars, the printing press and the company's stores, supervise all the archives works in the department, receive the incoming correspondence and record the incoming and outgoing packages.
Preparation of the annual plan for training, appointments, transfers, termination of the service and follow-up bonuses, additional wages, incentives, registration of leave and retain the documents of the personnel files .
This department supports the trend of electronic transformation and follow-up developments in the field of information technology to keep abreast of changes, developments, contracting and follow-up with external companies that provide systems and devices.
Management, maintenance and follow-up of devices and networks, upgrading devices and operating systems, providing technical support, monitoring the datacentre, verifying the integrity of its contents, managing the backup process, ensuring the safety and success of the procedure and the communication system, linking external entities related to the company's business to the internal network to ensure the possibility of contact..
Management and maintenance of the company's website, programs, systems, supervision, the call centre system, the internal portal of the company' the permissions and authority to use the programs and systems, and the management and follow up of the SMS system..
Manage, control, maintain, upgrade and track database performance, data archiving and coordination with the Technical Support section on database security through the backup process of preparing and providing reports and data..
Recording and editing securities owned by the mortgagor (shareholder) and encumbered for the benefit of the mortgagee (Bank, finance company), by the order of beneficiaries (courts, the capital Market Authority), At the request of the beneficiaries .
Restriction & Release regarding the financial securities for the courts & Insurance in favour of the entity and others, respond to court inquiries concerning securities. Administration of Dividend, resulting from the pledged shares, and addressing the recipients, Provide pledgees with reports on shares pledged, Address of the beneficiary's pledgees of shares pledged therein the following changes, Address the beneficiary's pledgees with the profits of the resulting bond .
Work on Lien / releasing Lien of securities and recording the resulting fees, administration of Dividend, resulting from the pledged shares, and addressing the recipients, provide pledgees with reports regarding shares pledged, address of the beneficiary's pledgees of shares pledged therein the changes , address the beneficiary's pledgees with the profits of the resulting bond .
This department is responsible for clearing and settlement of transactions and transfer of ownership of securities executed in the trading system and completion of settlement procedures (equity / cash) of the transactions executed..
Operating run real-time gross settlement (RTGS) of the central Bank of Oman to conduct a cash settlement and prepare a daily report on the risks of settlement. In addition, response to members' inquiries (settlement banks / brokerage companies / custodians) and follow-up technical and procedural issues, if any, and the accumulation of both delay penalties and sale without balance and transaction modification fees and transfer fees excluded from the trading system .
Follow up the transactions executed in the trading system and the pending transactions in the UCSD system, monitor the receipt of transactions executed in the online trading system, amend the transactions executed by mistake by the brokerage companies, postpone or submit the cash settlement and equity settlement date and cancel the transactions executed in violation of the rows and regulations in accordance with the instructions issued by Muscat Securities Market Securities .
The Operations Department provides the services of keeping the records of shareholders of joint stock companies. as well as holders of securities and other securities listed on Muscat Securities Market and providing services to the dealers with the company from listed companies and dealers and to make all updates of capital of companies, their statements, shareholders and the distribution of profits on behalf of companies .
This part serves the listed companies as follows: - Registration of companies (closed and public and investment funds), structuring of capital (nominal value adjustment, modification of paid up capital), operating equity and cash dividends (partial management, total administration), capital reduction, listing preference / private placement, - Registers of foreigners - Ownership ratios ... etc. - Distribution of the benefits of government development bonds, commercial bonds, redemptions and allocation of investment funds .
This section serves shareholders by providing the following: - Opening an investor account, disclosing the movement of a particular company date. - Adjusting the data and merging the accounts - Responding to inquiries regarding shareholder accounts and managing general assemblies .
Which is the distribution of the profits of the shares as well as the interest of the bonds, the returns of the sukuk, the amounts resulting from the reduction of capital approved by the public or closed joint stock companies after the contract between the issuing company and Muscat Clearing and Deposit Company to manage the distribution process.
