Objective:

This policy demonstrates Omantel Commitment to create value to its shareholders by providing reasonable level of certainty on the targeted annual dividend distribution. It reflects Omantel’s commitment to disciplined capital allocation, balancing continued investment in network expansion and technology transformation while maintaining sustainable shareholder returns.

Targeted Dividend Distribution

Omantel targets a minimum dividend distribution equivalent to 40% of net profit attributable to Shareholders of the Company for each of the financial years ending 31 December 2026 to 2028.

The Company may consider distributing the dividend in cash or through other forms permitted under applicable laws and regulations, subject to obtaining the required approvals.

Procedural Consideration

Dividends will be subject to the Board’s recommendation and Ordinary General Assembly approval, in accordance with applicable regulations.

Other Considerations

The dividend distribution policy may be reviewed or amended in the event of material changes in the Company’s strategy and business conditions, regulatory requirements, or banking covenants / financing constraints, where applicable.

Oman Telecommunication Company S.A.O.G (Omantel) Board of Directors has approved this Policy on 17^th March 2026.