Reinforcing their shared commitment to innovation, digital advancement and sustainable economic growth, Sohar International and Omantel have signed a strategic collaboration program, establishing a framework for collaboration across a range of business, technology, innovation, people and investment opportunities. The program was signed by Abdulwahid Mohamed Al Murshidi, Chief Executive Officer of Sohar International, and Eng. Aladdin bin Abdullah Baitfadhil, Chief Executive Officer of Omantel, on behalf of their respective organisations.

This partnership unites the complementary strengths of two leading Omani organisations,
bringing together Sohar International’s financial expertise and banking capabilities with
Omantel’s advanced digital capabilities, technology infrastructure, and ecosystem reach.
Through this collaboration, the two organisations will explore opportunities to develop
innovative solutions that enhance customer and business experiences, drive digital
innovation, and unlock sustainable long-term value.

The collaboration reflects a broader shared ambition to contribute to an increasingly
connected and digitally enabled economy. By leveraging their respective expertise, Sohar
International and Omantel aim to explore opportunities that can benefit customers and
businesses, strengthen the wider innovation ecosystem, support the development of national
capabilities and contribute to the objectives of Oman Vision 2040.

Commenting on the signing, Abdulwahid Mohamed Al Murshidi said, “At Sohar International, we believe meaningful innovation is accelerated when leading organisations come together around a shared ambition to create lasting value. Our partnership with Omantel brings together complementary capabilities across banking, technology and digital enablement, providing a strong platform from which we can explore new possibilities for our customers, businesses and the wider economy. More importantly, this collaboration reflects our shared belief in the role that strong national institutions can play in supporting Oman’s continued economic and digital advancement. We look forward to translating this partnership into meaningful opportunities that contribute to a
more connected, innovative and future-ready economy.”

Eng. Aladdin bin Abdullah Baitfadhil said, “Trust and security are the foundation on which digital economies are built, and our partnership with Sohar International puts that principle into action. Together, we are committed to harnessing advanced technologies, from sovereign cloud and artificial intelligence to cybersecurity and data analytics, to shape an integrated, future financial and technology ecosystem.”

Sohar International’s established banking expertise, combined with Omantel’s technological
capabilities, creates a strong platform for co-creating solutions that deliver sustainable value
for our stakeholders while accelerating Oman’s transition towards a resilient, knowledge-
based economy, in line with the objectives of Oman Vision 2040.

The collaboration will provide a platform for both organisations to explore opportunities
across areas including customer and business propositions, digital enablement, innovation,
investment and human capital development. It will also encourage the exchange of expertise
and capabilities between the two organisations, supporting the development of innovative
approaches that respond to evolving customer and market needs.

Beyond the immediate opportunities presented by the program, the partnership underscores
the importance of cross-sector collaboration in advancing Oman’s digital ecosystem. By
bringing together expertise from the financial services and telecommunications sectors,
Sohar International and Omantel aim to contribute to an environment that supports
businesses, encourages innovation and strengthens the capabilities required for the
economy of the future.

Specific initiatives arising from the partnership will be evaluated and progressed by the two
organisations in line with mutually agreed priorities and, where applicable, will be subject to
separate definitive agreements.

Through this collaboration, Sohar International continues to strengthen its role in supporting
innovation, digital transformation and economic development in Oman, while building
strategic partnerships capable of creating meaningful and sustainable value for customers,
businesses and the wider community.