Title :

Update on Potential Merger

Content :

Al Suwadi Power Company SAOG (the “Company”) advises the Muscat Stock Exchange and the investors’ community that, further to the Company’s disclosure dated 10 May 2026 regarding the preliminary assessment of a potential merger with Al Batinah Power Company SAOG, the Company has received    in-principle  approval of the Financial Services Authority in relation to the proposed merger subject to the fulfilment of all applicable  requirements and obligations under the Companies law and any other relevant legislation or regulatory requirements.

The Company is currently awaiting the required approvals from other relevant authorities in connection with the proposed merger.

The Company will continue to provide updates to the market and its shareholders regarding any material developments in accordance with the applicable regulatory requirements.