Further to the disclosure issued by Bank Nizwa SAOG dated 16^th of July 2026 regarding the proposed merger by incorporation of Alizz Islamic Bank SAOC (‘’Proposed Merger’’), Oman International Development and Investment Company SAOG (“Ominvest”) is pleased to disclose that its Board of Directors, at its meeting held on 16^th of July 2026, approved Ominvest's participation as a strategic investor in the proposed funding structure.

The proposed funding structure is intended to result in Ominvest holding a strategic stake of up to 20% of the issued share capital in Bank Nizwa SAOG following completion of the Proposed Merger.

The Proposed Merger, the proposed funding structure and Ominvest's participation remain subject to all required regulatory and other applicable approvals.