News and Briefing Notes
AMJ advised United Solar on this OMR 520 million polysilicon factory project

AMJ is delighted to have advised United Solar on this OMR 520 million polysilicon factory project, the first of its kind in the Middle East, with an annual production capacity of 1000 tonnes. Congratulations to United Solar on the signing of several project agreements with Oman Electricity Transmission Company, Nama Electricity Supply Company, and Sohar

Chambers Global 2024 – AMJ ranked Band 1 again

We are pleased to announce that AMJ has received Band 1 ranking from Chambers Global 2024. AMJ was top ranked for all 3 practice areas which includes Corporate & Finance, Projects & Energy and Dispute Resolution.  In addition to the Firm’s ranking, Mansoor Jamal Malik is ranked as ‘Star Individual’ for his outstanding contribution and

AMJ wins ‘Oman Law Firm of the Year’ award from Legal 500

We are delighted to announce that Al Busaidy, Mansoor Jamal & Co (AMJ), has been presented with the prestigious ‘Oman Law Firm of the Year’ award at the inaugural Legal 500 MENA Awards held in Dubai on February 8, 2024. We would like to thank Legal 500 for honoring us with this award in recognition

AMJ appoints Yousuf Nasim as a new Senior Associate

We are pleased to announce the appointment of Yousuf Nasim as a senior associate in AMJ’s Banking and Finance team. Yousuf has over fourteen years of experience handling matters in a wide variety of subject areas. Yousuf’s area of expertise include banking & finance, corporate and M&A, projects, and Tax. He has advised and represented

Executive Regulations to the Oman’s Data Protection Law

The eagerly anticipated Executive Regulations to the Oman Data Protection Law Royal Decree 6/2022 (“PDPL”) were recently issued on 28 January 2024 through Ministerial Decision 34/2024 (“Executive Regulations”). Some of the key provisions of the Executive Regulations are as follows: Article 10 of the PDPL requires the express consent of data owners to be obtained

Al Busaidy, Mansoor Jamal and Co Law Firm Expands Partnership

Leading Omani law firm, Al Busaidy, Mansoor Jamal & Co (“AMJ”), has appointed Al Sayyid Ahmed Said Hilal Al Busaid as a new partner in its Corporate, Commercial and Regulatory Department. Al Sayyid Ahmed has a broad range of experience in corporate commercial, regulatory advisory, Capital Market and Mergers & Acquisitions and advises his clients

Zarrar Mir promoted to the position of Senior Associate

We are delighted to announce the promotion of Zarrar Mir to the position of Senior Associate at AMJ. Zarrar has been a valuable asset to our team, showcasing a diverse skill set and extensive experience in banking, Islamic finance, projects, corporate, commercial and mergers & acquisitions. Throughout his tenure with us, Zarrar has played a

AMJ wins three prestigious awards from IFN

We take immense pride in announcing that AMJ has received three prestigious awards across different categories from the Islamic Finance News (IFN) for our innovative corporate and M&A transactions in 2023. These accolades include “IFN Mergers & Acquisitions Law Firm of The Year 2023” for outstanding M&A transactions, IFN Oman Deal of the Year 2023”,

Oman Housing Bank’s Iskan programme

AMJ was delighted to attend Oman Housing Bank’s (OHB) launch of it “Iskan” programme on 8th January 2024 held at Al Bustan Palace Hotel. AMJ advised OHB on the structuring of its programme under which OHB will enter into partnership with local banks in the private sector. By easing access to affordable housing finance, the

Taageer Finance’s Bond Issuance

AMJ is delighted to announce that it has acted as a sole counsel for Taageer Finance’s Bond issuance which has been successfully completed. It is the second bond issuance of Taageer Finance in the last two years on which AMJ’s Capital Market Team has worked on with Ahli Bank and Taageer Finance teams. Details of

AMJ-HKA Breakfast Seminar

Al Busaidy, Mansoor Jamal & Company in partnership with HKA were delighted to conduct a breakfast seminar on 12th October 2023 at Crowne Plaza Hotel, Qurum, Muscat. We would first like to express our gratitude to Michael Tonkin, Partner at HKA who moderated the seminar and introduced the speakers. The event featured accomplished speakers who

Oman’s Resolute Drive to Boost Local Products and Economy

In a bid to promote domestic industries and stimulate economic growth, Oman’s Tender Board has made a significant announcement that underscores the Government’s resolve to support local products and services. The move comes as part of Oman’s broader strategy to reduce dependency on imports and encourage local industries.  The Tender Board in coordination with the

Double Tax Avoidance Agreements

Double taxation Avoidance Agreements (“DTAAs”) as a tool for attracting foreign investors to Oman as a result of the investors being able to reduce the additional tax burdens. DTAAs also provide concessional withholding tax rates in certain cases. The provisions of DTAAs having been ratified by Omani Sultan Decrees override the local Income Tax Law. 

Applicability of Withholding tax in Oman

Whilst existing businesses which are well established in an economy choose to model their transactions in the most tax efficient manner, the potential tax exposure in an economy is an important consideration for any business planning to enter into a new market.  In this regard, an important factor to be considered by foreign entities entering

HSBC Bank Oman merger with Sohar International Bank

AMJ is pleased to announce that it has acted for HSBC Bank Oman in its successful merger by incorporation with Sohar International Bank. The merger of the two banks has placed the surviving entity, Sohar International Bank, as one of the largest banks in Oman. Work on the merger deal commenced in mid-2022 and AMJ

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