To: All Licensed Banks

Operating in the Sultanate of Oman

After compliments,

Subject: Sectoral Lending/financing Targets and Capital Relief

A. Introduction

1. In exercise of the powers conferred upon it, pursuant to the provisions of the Central Bank of Oman Statute, Oman Sultani Decree No. 3/2025 and the Banking Law, Oman Sultani Decree No. 2/2025, the Central Bank of Oman, being satisfied that it is necessary and expedient in the public interest so to do, hereby issues the directives given in the ensuing paragraphs.

2. Recognising the need to encourage banks to channel a certain share of their lending/financing portfolios to specific sectors of the economy which are aligned with national development goals, Central Bank of Oman deems it fit to set mandatory 'sectoral lending/ financing targets ' to such specific sectors.

3. In addition, the 'sectoral lending/financing targets' also has the potential to promote diversification efforts, reduce concentration risk in the banking system, support underfunded or strategically important sectors, help in stimulating growth and create more jobs.