Dear Shareholders

On behalf of the Board of Directors, I have pleasure in presenting the 2012 annual report of Omani Qatari Telecommunications Company SAOG "Nawras".

Here in Oman, the Government’s positive attitude to business is allowing companies to operate and flourish in an environment of continuing stability. The continuing strong national economy has attracted an increasing number of regional and international firms keen to establish operations in the Sultanate, and to capitalise on the many opportunities here.