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Disclosure - Decision of CMA Appeal Committee

Sohar Power SHPS 0.00% 0.02 0.00

Further to the disclosure made by Sohar Power Company SAOG ("Company") on 29 August 2017, in relation to a decision issued by the Executive President of the CMA (Decision No. 6/2017) dated 22 August 2017 warning the Company that it is in violation of Article 5 of the Capital Market Law.   ("Decision"), the Board of Directors of the Company would like to update the shareholders that, after consulting with its legal advisor, the Company appealed the Decision before the CMA Appeal Committee. Pursuant to hearings and after deliberation, CMA Appeal Committee issued its decision on November 27, 2017 allowing the appeal in form and cancelling the Decision in substance. 

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