Luminex PLC Suspends Oman Operations Amid Regional Pressures 📉

• Operational Decision: CSE-listed engineering services firm Luminex PLC has resolved to temporarily suspend business operations of its Omani subsidiary, Luminex International LLC, with immediate effect. • Key Drivers: The Board concluded that operations are no longer commercially viable due to prevailing economic conditions in Oman, ongoing regional war conflicts, and related commercial uncertainties. • Financial Impact: Luminex will recognize a provision of LKR 195 Mn in its financial statements following a comprehensive evaluation of the subsidiary’s financial position and viability. • Future Outlook: The Board will continuously monitor economic and geopolitical developments to assess future prospects for the telecommunication & electrical infrastructure subsidiary in the region.