EGM and AGM Resolutions

Date: 18th March, 2026

RESOLUTIONS

First: Extraordinary General Meeting of the Shareholders of bank muscat held on Tuesday, 17th March, 2026:

1. Approved the proposed increase of the authorized share capital of the Bank from 800,000,000/- (Omani Rials Eight hundred million) to 1,200,000,000/- (Omani Rials One billion and two hundred million) and amend the Articles of Association accordingly. The proposed amendment shall not, however, be effective and valid unless have been approved by the regulatory bodies.

RESOLUTIONS

Second: Annual Ordinary General Meeting of the Shareholders of bank muscat held on Tuesday, 17th March, 2026:

1. Considered and approved the Report of the Board of Directors for the financial year ended 31st December, 2025.

2. Considered and approved the Report on Corporate Governance for the financial year ended 31st December, 2025.

3. Considered the Auditor's Report and approved the Balance Sheet and Profit and Loss Accounts for the financial year ended 31st December, 2025.

4. Considered the report of the Shari'a Supervisory Board of Meethaq, the Islamic Banking window, for the financial year ended 31st December, 2025.

5. Considered and approved the recommendation to distribute cash dividend of 18 Baiza for each ordinary share for the financial year ended 31st December, 2025, aggregating to a total cash dividend of 135.115 million. The Bank shall transfer the approved cash dividends to Muscat Clearing and Depository Company (MCDC) on the next working day after the meeting, following which MCDC shall transfer the dividends to shareholders' bank accounts, in accordance with applicable regulatory requirements, within seven working days from the date of the meeting.

6. Considered and ratified the sitting fees for the Board of Directors and its committees' meetings for the financial year ended 31st December, 2025 and fixing sitting fees for the current financial year.

7. Considered and approved the Board of Directors' remuneration of 300,000 for the financial year ended 31st December, 2025. 

8. Considered and approved the Related Party Transactions that will be concluded during the financial year ending 31st December, 2026.

9. Considered and approved the criteria for measuring the performance of the Board of Directors for the financial year ending 31 December 2026.

10. Approved the appointment of an independent entity to evaluate the performance of the Board of directors and its subcommittees for the fiscal year ending on 31 December 2026, and determined their fees.

11. Approved the appointment of (KPMG) as the statutory auditors for the Bank and the external independent Sharia auditors for Meethaq, the Islamic banking window of the Bank, for the financial year ending 31st December, 2026 and fixed their fees, subject to the applicable regulatory approvals.

Secretary to the AGM