Title :

Conversion of Mandatory Convertible Bonds (MCB) – Issued in 2024

Content :

In reference to the Mandatory Convertible Bonds (MCBs) issued by Ahli Bank SAOG (the “Bank”) on 29 April 2024 under the prospectus, which was approved by the Financial Services Authority vide its Administrative Decision No. E/26/2024, the Bank is pleased to inform the bondholders and the market that, in accordance with the terms and conditions set out in the approved prospectus and the applicable laws, the MCBs will be mandatorily converted into new ordinary shares on 29 April 2026 (the “Conversion Date”).

On the Conversion Date, all outstanding MCBs will be converted into new ordinary shares at a conversion price of 145 Baizas per share as per the approved MCB prospectus.

For further details, bondholders are advised to refer to the MCB prospectus available on the Muscat Stock Exchange website.