This is subsequent to Bank Sohar's disclosure on 14th October 2014 regarding the approval of a Rights Issue. The Board of Directors of Bank Sohar have approved a Rights Issue Price of 173 baizas per share plus issue costs of 2 baizas per share, i.e. a total rights price of 175 baizas per share.

Based on an existing capital of 1,144,000,0000 shares, shareholders will be entitled to 1 share by way of rights for every 5 shares held by them as on a record date to be announced later, in consultation with the CMA and MSM.