We, Qaboos bin Said, the Sultan of Oman

after perusal of the Basic Statute of the State promulgated by Royal Decree 101/96,

the Commercial Companies Law 4/74,

the Royal Decree No. 77/51 Establishing the Oman Housing Bank,

the Apartments and Floors Ownership Regulation promulgated by Royal Decree No. 48/89,

the System for the Collection of Taxes, Fees, and Other Amounts Due to Units of the State Administrative Apparatus of the promulgated by Royal Decree 32/94,

the Financial Law promulgated by Royal Decree No. 47/98,

the Banking Law promulgated by Royal Decree No. 114 / 2000,

and the Civil and Commercial Procedures Law issued by Royal Decree No. 29/2002,

and in pursuance of public interest,

have decreed as follows