Ominvest – International and National Ratings Affirmed; Outlook Remains Negative

Ref: OM01220CRA00-01 24 June 2021

Ominve st ’ s International and National Ratings Affirmed ; Outlook Remains Negative

Capital Intelligence Ratings (CI Ratings or CI) today announced that it has affirmed the Long- and Short-Term International Ratings of Oman International Development and Investment Company (Ominvest) at ‘BB’ and ‘B’, respectively. The Outlook on the ratings remains Neg ative in line with that of the s overeign (‘BB’/ ‘ B’/ Negative ). At the same time, CI Ratings also affirms Ominvest’s Long- and Short-Term ratings on the Oman National Scale at ‘omAA ’ and ‘omA1+’, respectively, for the same reasons cited below. The Outlook for the national ratings also remains Neg ative in line with that of the s ov ereign.

Ominvest’s ratings continue to be supported by its status as the leading listed investment company in Oman, and as one of the largest in the region. Other supporting factors are the Company’s still moderate leverage and…