BankMuscat (S.A.O.G)

AGM Information • Oct 24, 2022

National Storage Mechanism | Additional information

RNS Number : 7887D

BankMuscat (S.A.O.G)

24 October 2022

Notice and Invitation to Attend the Extra Ordinary General Meeting & Ordinary General Meeting

The Board of Directors of BANK MUSCAT ( the "Company") has the pleasure to invite the shareholders to attend the Extra Ordinary General Meeting & Ordinary General Meeting, which will be held on Wednesday at 04:00 PM on 09/11/2022, via the electronic platform to hold Extra Ordinary General Meeting & Ordinary General Meeting which can be accessed through the website of Muscat Clearing & Depository Company (www.mcd.gov.om) and will be held (Online) . If the quorum requirement for holding the Annual General Meeting is not fulfilled, a second Extra Ordinary General Meeting & Ordinary General Meeting shall be held on Thursday at 04:00 PM on 10/11/2022, via the electronic platform which can be accessed through the website of Muscat Clearing & Depository Company (www.mcd.gov.om ) and will be held (Online) to discuss the following agenda:

Extra Ordinary General Meeting Agendas:

1-  To consider and approve the proposed increase of the authorized share capital of the Bank from RO. 450,000,000/- to RO. 800,000,000/- and amend the Articles of Association, accordingly. The proposed amendments shall not, however, be effective and valid unless have been approved by the regulatory bodies, as explained in annexure (1)

2-  To approve the issuance (by way of dividend) of 375,319,853 subordinated, perpetual bonds to the Bank's shareholders list as on the meeting date and that is in accordance to the conditions, as explained in annexure (2)

3-  To authorize the Board of Directors or whoever they delegate to take all necessary actions and approvals to complete the aforesaid transaction

Ordinary General Meeting Agendas :

1-  To approve the distribution of bonus shares at the rate of 1 bonus share for every 1 share held by the shareholders of the Bank on the record date, from the share premium reserves of the Bank for the financial year ended 31st December 2021. The approval of the distribution of bonus shares will result in an increase in the issued share capital of the Bank from 3,753,198,531 shares (aggregating to R.O. 375,319,853) to 7,506,397,062 shares (aggregating to R.O. 750,639,706), as explained in the annexure.

2-  To authorise the Board of Directors or whoever they delegate to take all necessary actions and approvals to complete the aforesaid transaction.

According to the Company's Articles of Association and the controls for holding General Meetings using modern technology issued by the capital market authority, we would like to draw your attention to the following:

1-  Legal person, exclusively, has the right to delegate a natural person to attend the General Meeting and vote on its behalf through technical means, provided that this natural person has an investor number in MCDC.

2-  Voting on any of the agenda items begins no more than three days before the date of the General Meeting until the voting process ends on the day of the General Meeting. If the shareholder's shares are increased or decreased, the voting process will be canceled, and the shareholder will have to vote again on the day of the General Meeting.

For further information please contact on telephone No 92886673 or email:

[email protected]

Chairman	Legal Advisor	External Auditor
خالد مستھیل احمد المعشنى	Bank Muscat / Legal	Ernst & Young

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