Nawras extends bookbuilding period by a week to Oct. 21

Nawras announced that following the completion of the majority of the institutional investor meetings in Oman, the GCC and Europe, the Nawras IPO has received a positive response with indications of significant demand from both Omani as well as international investors.

Given this is the first time bookbuilding is used in Oman and to ensure all investors have sufficient time to complete and submit their applications, Nawras had consulted with the Capital Market Authority (CMA) for an extension to the offering period and the CMA has granted a one week extension. Therefore the new closing date of the offering will be October 21, 2010.

The subscription process remains the same for all investors, as stated in the Nawras prospectus.

Investors interested in subscribing for shares should apply at branches of Bank Muscat, National Bank of Oman, Oman Arab Bank or Ahli Bank, to ensure their application can be processed in time. The one week extension to the offering period will mean that the new pricing date is expected to be on October 31, 2010 and the new listing date is expected to be on November 3, 2010.