Date: 27^th March, 2025

RESOLUTIONS

First: Extraordinary General Meeting of the Shareholders of bank muscat held on Wednesday, 26^th March, 2025:

1.    Approved the renewal of Meethaq Sukuk program(s) and issuance of RO 500 million (or its equivalent in US Dollar currency) and approved to authorize the Board of Directors of the Bank or such person or persons as the Board of Directors may delegate or authorize from time to time to determine the issuance amount, date and terms of subscription of each issue, etc., provided that the total amount of Sukuk issued shall not exceed RO 500 million (or its equivalent in US Dollar currency) and the Sukuk will be issued within 5 years from the date of the EGM approving their issuance. Sukuk program shall be be available for subscription only on obtaining the relevant requisite regulatory and Shari'a approvals.

2.      Approved the Bank's Board of Directors' proposal to issue senior unsecured bonds in an amount not exceeding RO (250) million in the local market under the medium-term program "MTP" in Omani Rials or US Dollars for a period of five years. The Extraordinary General Assembly of Shareholders approved the authorization of the Bank's Board of Directors or its authorized or authorized by the Board, from time to time, to determine and approve the terms of any issuance under the "MTP" program, the establishment of and any issuances including the amounts, currencies, all relevant dates, disclosure standards, methods and forms of distribution, listing and ratings requirements, engagement with the Central Bank of Oman, other government entities and regulatory authorities on behalf of the Bank, appointment of advisers and service providers, legal and regulatory documentation and the detailed terms and conditions of each issuance  under the MTP Programme.

Second: Annual Ordinary General Meeting of the Shareholders of bank muscat held on Wednesday, 26^th March, 2025:

1.         Considered and approved the Report of the Board of Directors for the financial year ended 31^st December, 2024.

2.         Considered and approved the Report on Corporate Governance for the financial year ended 31^st December, 2024.

3.         Considered the Auditor's Report and approved the Balance Sheet and Profit and Loss Accounts for the financial year ended 31^st December, 2024. 

4.         Considered the report of the Shari'a Supervisory Board of Meethaq, the Islamic Banking window, for the financial year ended 31^st December, 2024.

5.         Considered and approved the recommendation to distribute cash dividend of 16.5 Baiza for each share for the financial year ended 31^st December, 2024. 

6.         Considered and ratified the sitting fees for the Board of Directors and its committees' meetings for the financial year ended 31^st December, 2024 and fixing sitting fees for the current financial year.

7.         Considered and approved the Board of Directors' remuneration of RO. 300 K for the financial year ended 31^st December, 2024. 

8.         Considered and approved the Related Party Transactions that will be concluded during the financial year ending 31^st December, 2025.

9.         Considered and approved the appointment of Shari'a Supervisory Board of Meethaq, the Islamic banking window and fixing their sitting fees and remunerations:

10.       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 31^st December, 2025 and fixed their fees, subject to the applicable regulatory approvals.

11.       The annual ordinary general meeting of the shareholders of the Bank has by acclamation elected the Board of Directors for a new term of office (2025-2028), subject to the regulatory approvals. The names of the elected members of the Board of Directors are as follows:

Secretary to the AGM