Any contracts or obligations with the Government for RO 250,000 or more must be signed by two signatories, namely:
- (i) the competent Minister, (ii) head of the Government Unit, (iii) the Chairman of the Organisation/ General Organisation/ public corporation, or (iv) by the person specifically authorised by any of them in writing; and
- (i) the Minister supervising the Ministry of Finance or by the person he authorises in writing where the contracts or obligations are for RO 500,000 or more; or (ii) the Undersecretary of the Ministry of Finance for Financial Affairs or by the person he authorises in writing where the contracts or obligations are for RO 250,000 or more but less than RO 500,000.
There are also separate signing requirements for contracts and obligations in the name of H.M. Sultan or in the name of the Government and which provide that the Government or any of The Ministries/ the Government Units/ Organisations/ General Organisation undertake any investments or provide a third party with a loan or a grant to obtain a loan from such third party or issue bonds or any debenture loan or undertake any security or other financial dealings.
In the event that these signing requirements and the other conditions set out in the Royal Decree (as amended) are not met, then such contracts or obligations with the Government shall not be recognised and shall have no legal effect in Oman.