Title :

Market Disclosure – Refinancing of Existing Facilities

Content :

Phoenix Power Company SAOG (the “Company”) advises the Financial Services Authority, the Muscat Stock Exchange and the investors’ community that the Company is currently in discussions with a number of local banks in connection with the refinancing of its existing financing facilities.

The Company is targeting to complete the refinancing by the end of June 2026.

The Company is advised that the completion of this transaction remains subject to, inter alia, obtaining the necessary approvals from relevant parties. As at the date of this disclosure, such approvals have not yet been obtained, and accordingly, there can be no assurance that the transaction will be completed within the anticipated timeline or at all.

In the event that the refinancing is successfully completed, the Company expects that this may have a potential enhancement in dividend distributions for the current financial year.

The Company will continue to keep the market informed of any material developments in due course.

 

 

_________________________

Ahmed Al Abri

Chief Financial Officer / Disclosure Officer