Oman Capital Market Authority Circular No. E/11/2020

Members of the General Public, Audit firms, Law Firms (Advocates and Legal

After compliments,

In accordance with Article (20) of Commercial Companies Law (RD 18/2020) which states that "The CMA shall establish principles for corporate governance, which are binding upon public shareholding companies and companies in which the government owns shares and the Ministry shall draw up the governance regulatory principles of the other companies";

And in continuation of the approach adopted by the CMA in presenting draft laws and regulations to the public with the aim of exploring their views and observations before adopting and publishing them;

The CMA is pleased to present to the public and the above-mentioned addressees the draft principles of corporate governance for companies in which the government owns shares (AKA State Owned Enterprises), which is accessible on its website at (www.cma.gov.om). We would be grateful if you could provide us with any comments or views within two weeks of date, to the email address (oep@cma.gov.om).

Please accept our highest regards and appreciation.

Issued on: 5 Ramadan 1441 AH

Corresponding to : 29 April 2020 AD

Abdullah bin Salim al Salmi