Barka Water and Power Company SAOG advised the Financial Services Authority, the Muscat Stock Exchange and the investors' community that the Company has received letter of award from Nama Power and Water Procurement Company (PWP) for a new Power and Water Purchase Agreement (PWPA). The award includes Power plant for 8 years and 9 months term with operations starting from 1 June 2024 and multi-stage flash evaporator (MSFE) water plant for 3 years term starting from 1 September 2024 with extension option at PWP's discretion for a further term of 3 years and another term of 2 years & 9 months (total 8 years and 9 months term). The Company has accepted the award on 24 April 2024 and is currently working with PWP on the finalization and approval of the PWPA and other project agreements.

Further updates will be announced in due course. The Company would like to express its gratitude to PWP, the Authority for Public Services Regulation (APSR), the Board of Directors, Shareholders and other stakeholders for their continued support. Project Value: USD 356 million (SAR 1,335 million).