Further to the disclosure made on 30 April 2026 regarding the resolution of the board of directors of  Sohar International Bank SAOG (the “Bank”) to increase the capital of the Bank by way of a rights issue, the Bank is pleased to announce that it has obtained the approval of the Financial Services Authority (the “FSA”) on the prospectus relating to a rights issue of 1,058,759,403 shares (the “Offer Shares”) at a price of 141 Baisa per share (share price of Baisa 139 plus issue expenses of Baisa 2 per share) (the “Rights Issue”). The Bank has also obtained the approval of the Central Bank of Oman (the “CBO”) to proceed with the Rights Issue. The prospectus for the Rights Issue will be available on the websites of the Bank and the Muscat Stock Exchange SAOC (“MSX”).

Subscription for the Rights Issue will be open to shareholders of the Bank whose names appear in the Bank’s shareholder register maintained with Muscat Clearing and Depository SAOC as at the Record Date (as set out below). Persons who acquire rights on MSX during the rights trading period will also be entitled to subscribe for the Offer Shares during the subscription period (as set out below).

The ‘rights’ representing ownership rights of shareholders of the Bank to subscribe to the Rights Issue may be traded on the MSX during the rights trading period (as set out below). A shareholder has the option to either subscribe to the Rights Issue or sell their rights entitlement in part or in full on the MSX. The eligibility to subscribe for the Offer Shares shall lapse if a shareholder neither subscribes to the Rights Issue nor sells their ‘rights’ (whether partially or fully) on the MSX during the rights trading period.

A shareholder may also apply to subscribe for additional shares in excess of their entitlement in the Offer Shares, with any such allocation being subject to the discretion of the Bank and the issue managers.

The issue managers appointed for the Rights Issue are Sohar International Bank SAOG and Oman Investment Bank SAOC. The collecting bank appointed for the Rights Issue is Sohar International Bank SAOG.

We set out below an indicative timeline for the Rights Issue:

*The timetable is indicative only and may change subject to regulatory approvals and market conditions.

Yours Sincerely,

Abdulwahid Mohamed Al Murshidi

Chief Executive Officer