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Date: 7th April, 2025
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| Recent Developments of US Tariffs Increase and its Impact on listed companies
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| We refer to the communication received from MSX regarding market developments of US Tariffs Increase and need for a disclosure on the impact, if any, on the listed companies in Oman.
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| In this regard, we would like to inform the market that we do not anticipate any material direct or indirect impact on the bank's businesses and operations as a result of these developments. |
| We have seen the market volatility in the recent days and we feel that such volatility may continue in the equity and commodity markets in the US and globally. |
| The bank will continue to assess and evaluate the market developments and manage any emerging risks as part of its policies and governance processes. |
Waleed K. Al Hashar
Chief Executive Officer
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