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Omantel Board Accepts Dr. Amer Al Rawas Resignation and Appointment of Talal Al Mamari as Omantel’s New Chief Executive

Board of Directors appreciates Dr. Amer Contributions and Achievements

Omantel Board of Directors announced the appointment of Mr. Talal Said Marhoon Al Mamari as new Chief Executive Officer with effect from today (Sunday) 29th June 2014 in replacement of Dr. Amer Awadh Al Rawas who decided to move to Oil & Gas sector as CEO of one of the companies involved in the enhancement of oil production and preserving the environment surrounding the oil production operations. The Board of Directors has earlier approved the Succession Plan for the Senior Executive roles within the Company to ensure business continuity as usual in case of any senior executive role becomes vacant.

Prior to his appointment as Omantel’s CEO, Mr. Talal Al Mamari was holding the position of Chief Financial Officer of Omantel with the responsibility of preserving and creating shareholder value for the Company investors.

Mr. Talal Al Mamari Chairs several internal committees and teams and sets in Boards of different Companies and Investment Funds. He played instrumental role in the Initial Public Offering in 2005 and in the integration of mobile and fixed operations and later the full legal merger of Oman Mobile with Omantel. Mr. Talal also led Omantel credit rating process by Moody’s (A3) and Standard & Poors (BBB + / A-2) which led to enhancement of investors’ trust in the Company.

Commenting on the appointment, H.E Engineer Sultan bin Hamdoon Al Harthi Chairman of Omantel Board of Directors said “Talal Al Mamari possesses the capabilities and skills needed to lead the Company in the next phase and we are confident as Board of Directors of his ability to work closely with the Executive Team and other Stakeholders to realize the Company’s strategy and objectives. The Board of Directors wishes in this regard to record its thanks and appreciation for the great efforts and achievements made by Dr. Amer bin Awadh Al Rawas in a very critical period for the Company during his tenure as CEO especially in leading the integration of mobile and fixed operations in one entity and growing the Company’s network share which led to enhancing investor’s confidence and increase of Omantel’s market capitalization”.

Mr. Talal Al Mamari will continue to build on the achievements made in the past few years and to ensure Omantel leadership of the telecom market in the Sultanate. Commenting on his appointment, Talal Al Mamari said “I’m honored to be appointed as Omantel Chief Executive and I look forward to working closely with the Executive Team to ensure maintaining of Omantel leadership in the next phase”.

“Omantel is one of the largest companies in the Sultanate and the second largest listed Company. Omantel has been playing and will continue to play an important role in the development of our beloved country under the wise leadership of His Majesty Sultan Qaboos bin Said” Omantel’s new CEO concluded.