The Basic Statute of State issued by The Royal Decree 101/96,
The Commercial Companies Law issued by The Royal Decree
4/74, as amended,
The Customs Law issued by The Royal Decree 22/78, as amended;
The Land Law, issued by The Royal Decree 5/80, as amended;
The Companies Income Tax Law, issued by the Royal Decree 47/81, as amended
The Government Tender Law and Regulations, issued by The Royal Decree 86/84 as amended;
The Social Security Law issued by The Royal Decree 72/91 as amended;
The Foreign Capital Investment Law, issued by The Royal Decree 102/94, as amended;
The Policies and Rules of Privatisation approved by The Royal Decree 42/96;
The Financial Law issued by The Royal Decree 47/98 as amended;
And the Capital Market Law issued by The Royal Decree 80/98
And in accordance with the exigencies of the public interest.
HAVE DECREED THE FOLLOWING:
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Article (1):
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The attached Privatisation Law shall be enforced.
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Article (2):
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The provisions of this law shall apply to the public utilities,
which are to be Privatised or restructured prior to their Privatisation. The provisions
of Article (24) and (25) of this law shall apply to the public utilities, which
have been Privatised or restructured prior to their Privatisation as from 1st
August 1999, which Privatization or restructuring laws have not provided for the
settlement of the positions of their employees before Privatisation or restructuring.
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Article (3):
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The abovementioned Royal Decree 42/96 approving the policies and
rules of Privatisation referred to above shall be repealed.
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Article (4):
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The Minister of National Economy after coordination with the concerned
Ministers shall issue the necessary regulations and decisions for the implementation
of the provisions of this law.
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Article (5):
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The Minister of National Economy after coordination with the concerned
Ministers shall issue the necessary regulations and decisions for the implementation
of the provisions of this law.
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Issued on: 7th July, 2004
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Qaboos Bin Said
Sultan of Oman
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Official Gazette No. 771
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