Title :

Announcing the Resolutions of Board Meeting TAKAFUL OMAN

Content :

The board of directors discussed the topics listed on the agenda in its meeting no. 5 held on 06/10/2026 and passed the following resolutions.

Disclosure of Board Resolutions Regarding Proposed Capital Increase and Rights Issue

 

Takaful Oman Insurance SAOG would like to inform its valued shareholders, investors, and the market that the Company's Board of Directors has approved on 6^th October 2026 - via circulation- a proposed capital strengthening initiative aimed at supporting the Company's business objectives and enhancing its capital position.

 

The Board resolved to:

1. propose the increase of the Company's authorized share capital from OMR 20 million to OMR 30 million to the shareholders.
2. Approve the increase of the Company's issued and paid-up share capital from OMR 16 million up to OMR 25 million through the issuance of new ordinary shares.
3. Approve a proposed capital increase up to OMR 9 million through a Rights Issue.
4. Authorize the Management to appoint an Issue Manager and other professional advisers and to undertake all necessary actions required to implement the Rights Issue and capital increase process, including the preparation and submission of applications, execution of related agreements and documents, and obtaining the necessary regulatory approvals.

 

The proposed Rights Issue is intended to strengthen the Company's capital base and support its future growth plans. The transaction remains subject to obtaining all required regulatory approvals, including the approval of the Financial Services Authority, as well as the approval of the shareholders at an Extraordinary General Meeting to be convened for this purpose.

The Company will keep the market informed of any material developments relating to the proposed transaction and will make further announcements in due course.

 

For and on behalf of
Takaful Oman Insurance SAOG

Board Secretary

*Board meeting resolutions have to be disclosed one hour, at least, before the beginning of the next day trading session.