2019-03-04

The Judgment issued by Administrative Court

Further to the disclosure made by Sohar Power Company SAOG (‘the Company”) on 9 October 2018, in relation to the decision of the Appeal Committee of the CMA (Decision No. 2/2018) dated 03 October 2018, confirming the Decision 10/2018 of the Disciplinary Committee of the CMA issued on 16 May 2018, the Company would like to inform the Shareholders community that, after consulting with its legal advisor, the Company appealed against the Decision before the Administrative Court of Oman.

On 3 March 2019, the Administrative Court issued its judgment, allowing the appeal in form and rejecting it in substance.

Once the detailed judgment is available and, after consulting its Board of Directors, the Company will seek legal advice with regard to its right to appeal against the Judgment and will continue to engage with relevant regulatory authorities.