
Oman FSA Orders Omantel to Restate 2024 Financial Statements Over IFRS Non-Compliance
Oman’s FSA has ordered Omantel to restate its 2024 financial statements within two months after identifying non-compliance with IFRS standards IAS 29 and IAS 21. The move, issued under the Capital Market Law, aims to strengthen transparency, investor protection, and confidence in Oman’s capital market.