Oman Arab Bank issued Perpetual Subordinated Bonds OAB PERPET. SUB (OAB1) for OMR 30 Million on 29 December 2016, at interest rate of 7.75% p.a. which is listed in the MSX Bonds market. Pursuant to 6.8(b) of the terms and conditions of the bonds, the Bank is hereby issuing an irrevocable notice to the holders of these bonds that it will redeem all the bonds on 29 January 2022 (the Redemption Date) at their principal amount together with the interest accrued to but excluding the Redemption date. Following the redemption, the bonds will be delisted from MSX Bonds market. The Muscat Clearing and Depository Company (MCDC) will carry out the process of transferring the amounts to Bond holders on 29 January 2022, based on the investor records with them.