English abstract
Recognizing the necessity of regulating the company acquisition process, the
Acquisition and Control Regulation No. (2/2019) was issued, given the
prevalence of this strategy among various economic entities to achieve their
objectives.
This thesis aims to examine the Omani regulation of the acquisition process
and compare it with the regulations of Arab and foreign countries that
preceded Omani legislation. The objective is to evaluate the adequacy of the
legal framework governing this process in Oman. Additionally, the study
seeks to elucidate the effects of the acquisition process on its stakeholders,
whether directly involved or indirectly affected. The study begins with a
preliminary chapter that explains the nature of the company acquisition
process, followed by a discussion on the legal mechanisms for company
acquisition. The final chapter is dedicated to outlining the effects arising
from the acquisition process on companies.
The researcher concluded that the primary aim of the company acquisition
process is to gain control of the target company. This process could lead to
economic concentration and potentially result in monopolization if not
adequately regulated by the state. A comparison of Omani regulations with
those of other countries reveals that other nations have included provisions
exempting the acquirer from making a mandatory acquisition offer if they
intend to acquire a controlling stake in the target company. These countries
have experienced numerous acquisitions in their markets, enabling them to
amend relevant legislation to achieve comprehensive regulation of the
acquisition process.
