Oman’s Finance Ministry issues circulars on insurance for key government assets

MUSCAT : These measures are a part of the Ministry’s commitment to preserving state-owned assets and funds, ensuring they are adequately protected against potential risks.

The circulars outline the following insurance requirements:

Insurance of government vehicles for the year 2025-2026.
Marine, air, and land insurance for government imports, safeguarding against potential losses or damages during transit.
Insurance of the contents of government safes, aiming to maintain the integrity of financial operations and safeguard the responsibilities of government employees.

The Ministry emphasizes that the circulars are in line with the Financial Law, issued by Royal Decree No. 47/98, and are part of ongoing efforts to protect government assets. For more details, concerned parties are encouraged to visit the official Ministry of Finance website – www.mof.gov.om.