Sohar International Successfully Completes OMR 149.3 Million Rights Issue, Reinforcing Investor Confidence

Muscat: Sohar International Bank SAOG (the “Bank”) is pleased to announce the successful completion of its rights issue of 1,058,759,403 ordinary shares, attracting total subscriptions of OMR 182,408,592.29, covering the issuance size of OMR 149,285,075.82 by 1.22 times. The rights issue was fully subscribed, reflecting the strong confidence of the Bank’s shareholders in its strategic direction, financial strength, and long-term growth ambitions. With a take-up rate of 95.5% among eligible shareholders, the residual pool of unsubscribed shares was oversubscribed by 9 times, demonstrating robust investor demand and reaffirming market confidence in the Bank’s strategy and future outlook.

Commenting on the successful completion of the rights issue, Abdulwahid Mohamed Al Murshidi, Chief Executive Officer of Sohar International, said: “The successful completion of this rights issue represents another important milestone in Sohar International’s growth journey and reflects the strong confidence our shareholders continue to place in the Bank’s strategy, leadership, and long-term vision. Their support reinforces our ability to execute our strategic priorities while creating sustainable value for all stakeholders.”

He further added, “This enhanced capital base further strengthens our financial position, providing greater flexibility to pursue growth opportunities, deepen our market presence, invest in innovation, and continue delivering differentiated financial solutions that meet the evolving needs of our customers across Oman and our international markets.”

The successful capital raise further enhances Sohar International’s capital position, reinforcing the Bank’s resilience and providing additional capacity to support sustainable business growth. It also strengthens the Bank’s ability to accelerate strategic initiatives, expand its product and service offerings, and capture new opportunities across its priority markets while continuing to deliver long-term value for customers, shareholders, and the wider economy.

Following the completion of the rights issue, the Bank’s paid-up capital has increased to OMR 849,675,744, divided into 7,676,005,673 ordinary shares. The rights issue was offered at an issue price of 141 baisa per share, comprising 139 baisa as the share price and 2 baisa towards issue expenses.

Sohar International extends its sincere appreciation to its shareholders and investors for their continued trust and support throughout this important milestone. The Bank remains focused on executing its long-term growth strategy, strengthening its leadership position in the market, and delivering innovative financial solutions that create lasting value for customers, shareholders, and the communities it serves.

We also extend our sincere appreciation to the Financial Services Authority, the Central Bank of Oman, and Muscat Clearing & Depository Company SAOC for their valuable guidance and support throughout the Rights Issue process.

About Sohar International:

Sohar International is Oman’s fastest-growing bank, guided by a clear vision to become a world-leading Omani service company that helps customers, communities, and people prosper and grow. With a purpose to help people ‘win’ by delivering responsive banking for their ever-changing world, the bank offers innovative solutions across Commercial and Investment Banking, Wealth Management, Islamic Banking, and more. Operating with a strong digital-first approach and an expanding regional footprint—including presence in the Kingdom of Saudi Arabia—Sohar International is committed to driving value through strategic partnerships and a dynamic customer experience. Learn more at www.SIB.om