Energy Oman (Energy Development Oman SAOC) has announced the offering of its OMR Sukuk (Series 2), following publication of the Offer Notice. The Sukuk is a Shari’a compliant instrument, with cash flows supported by Energy Oman’s energy assets in Oman.

The initial issue size is OMR 50 million, with a greenshoe option of an additional OMR 25 million.

The Sukuk carries a fixed profit rate of 5% per annum, payable quarterly, and has a tenor of 5 years. Each certificate has a nominal value of OMR 1.000. The subscription for Category I Investors will commence on 4 November 2026 and close on 12 November 2026 and will be conducted by way of a competitive bidding process through physical Application Forms using the Yield Reference Table.

Following the closure of the Category I subscription, the Cut-off Yield and fixed price for Category II applicants will be announced on or around 16 November 2026. Subscription for Category II applicants will be conducted through e-IPO channels of Collecting Banks and will commence on 18 November 2026 and close on 30 November 2026.

The minimum subscription is 1,000 certificates for Category I investors and 100 for Category II investors. If greenshoe option is exercised, Category II investors will be prioritised in the allocation of additional certificates. All applicants require an investor account with Muscat Clearing and Depository.

The Sukuk is structured using the Islamic principles of leasing (Ijarah) and agency (Wakala), and the structure has been approved by the Shari’a Supervisory Board of Muzn Islamic Banking, National Bank of Oman SAOG.

National Bank of Oman SAOG and Bank Nizwa SAOG are joint Issue Managers. Trowers & Hamlins is Legal Advisor, and Oman Investment Bank has been appointed as Liquidity Provider to facilitate market-making and liquidity-provision activities. The collecting banks are Ahli Bank, Ahli Islamic Bank, Bank Dhofar, Dhofar Islamic, Bank Nizwa, National Bank of Oman, Muzn Islamic Banking, Oman Arab Bank, Sohar International and Sohar Islamic.

Mazin Al Lamki, CEO of Energy Oman said: “Oman’s energy assets are central to the national economy. With this issuance, we invite investors across the Sultanate, both institutions and individuals, to participate in the returns supported by those assets and to contribute to the growth of Oman’s energy sector. We encourage everyone to read the Prospectus and consider whether the investment suits their needs.”

Following allocation and settlement, the Sukuk is scheduled to list on the Muscat Stock Exchange on or around 10 December 2026. Investors with questions can contact Energy Oman’s Treasury and Investor Relations team at ir@edoman.om.

Capital is not guaranteed. Please read the Prospectus, including the risk factors, before subscribing.