Title :

Announcing the Resolutions of Board Meeting SHARQIYAH DESALINATION

Content :

The board of directors discussed the topics listed on the agenda in its meeting no. 1 held on 18/02/2026 and passed the following resolutions.

Board of Directors resolutions' Disclosure

Barka Desalination Company advises the Capital Market Authority, the Muscat Stock Exchange and the investors’ community that it has resolved the following at the meeting of the Board of Directors held on 18 February 2026:

1. Approval of the audited financial statements of the Company for the year ended 31 December 2025 together with the Board of Directors’ Report and recommendation for approval by the Shareholders in the forthcoming AGM.

2. Recommendation to shareholders for ratification in forthcoming AGM of Related Party Transactions during the year 2025.

3. Recommendation to shareholders for approval in forthcoming AGM of the Related Party Transactions proposed to be entered into during the year 2026.

4. Request the Shareholders in forthcoming AGM to authorize the Board of Directors to determine and distribute cash dividends to the Company’s Shareholders in May 2026 and November 2026 out of the retained earnings as per the audited financial statements for the financial year ended 31 December 2025, provided that the aggregate amount shall not exceed 12 Baisas per share.

5. Approval of the Management Discussion & Analysis Report for the year 2025.

6. Approval of the Corporate Governance Report for the year 2025.

7. Approval of the Corporate Social Responsibility Report for the year 2025.

8. Monitoring of Ethics Charter (Chairman’s Compliance Letter / Ethics Officer’s Report).

9. Recommend to shareholders the appointment of external auditors and their fees.

10. Approval of  the appointment of internal auditors and their fees.

11. Approval of 2025 bonus and 2026 salary annual increment for CEO.

12. Approval of agenda and to convene AGM of the Shareholders of the Company on 29th March 2026.

13. Ratification of Sitting Fees for 2025 and Approval of Sitting Fees for 2026.

14. Approval of the Dividends Distribution Policy of the Company.

*Board meeting resolutions have to be disclosed one hour, at least, before the beginning of the next day trading session.