Title :

DIVIDEND DISTRIBUTION POLICY

Content :

The equity shares of the Company are listed on Muscat Stock Exchange (MSX). in accordance with the Circular no. (3/2025) concerning Dividend Distribution Policy issued by the Muscat Stock Exchange (MSX).. Considering the provisionsoftheaforesaidcircular, theBoardoftheCompanyrecognizestheneedto laydowna broad framework for considering decisions by the Board of the Company, with regards to distribution of dividend to its shareholders and/or retaining or reinvest back of its profits. In accordance with Articles 84 - 87 of the Commercial Companies Law (Royal Decree 18/2019), any declaration and distribution of dividends by the Company requires approval of the Annual General Meeting (AGM) and must comply with statutory requirements relating to profits, retained earnings, statutory reserves, and solvency. While the CCL does not explicitly mandate a formal dividend policy, Board of Directors of Oman Cement Co. SAOG has adopted this policy:

§  to promote transparency, consistency, and predictability for shareholders and

§  as a matter of good corporate governance,

§  in line with Financial Services Authority (FSA) corporate governance principles.

The Policy also sets out the circumstances and different factors for consideration by the Board at the time of takingsuch decisionsof distribution or of retention of profits, in the interest of providing transparency to the shareholders. The intent of the Policy is to broadly specify the following:

(a)       ThecircumstancesunderwhichtheshareholdersoftheCompanymayormaynotexpect dividend;

(b)       Internalandexternalfactorsincludingfinancialparametersthatshallbeconsideredwhile declaring dividend;

(c)       Policyastohowtheretainedearningsshallbeutilized;

(d)       Parametersthatshallbeadoptedwithregardtovariousclassesofshares.

Any deviation on elements of this Policy in extraordinary circumstances, when deemed necessary in the interests of the Company, along with the rationale will be disclosed in the Annual Report by the Board.

The Board of Directors of the Company has approved this DividendDistributionPolicy ofthe Companyon March 31, 2026 whichendeavors for fairness, consistencyandsustainability while distributing profits to the shareholders.