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Oman Shell Launches New Edition of Shell Intilaaqah to Accelerate High-Growth SMEs

News originally published by

GlobeNewswire

MUSCAT, Oman, Nov. 15, 2026 (GLOBE NEWSWIRE) -- Oman Shell has officially launched the new edition of Shell Intilaaqah, partnering with Flat6Labs as the program's delivery partner. This initiative is designed to accelerate 15 high-growth stage small and medium enterprises (SMEs) in Oman through a structured pathway.

The program was developed to drive job creation, deepen local economic participation, and reinforce Oman Shell's role as a catalyst for inclusive, sustainable growth in direct alignment with Oman Vision 2040.

The program aims to empower high-growth-potential Omani SMEs to achieve measurable and sustainable growth, aiming to scale businesses that contribute significantly to Oman's economic diversification.

Tailored to the critical needs of Omani SMEs, Shell Intilaaqah offers a 3-to-4-month intensive acceleration cycle with tailored mentorship, expert access, and structured coaching, followed by six months of dedicated post-program support. Throughout this journey, SMEs receive expert one-on-one mentorship, advanced capacity building, and direct access to local and international investors through dedicated finance mixers to fuel their growth and expand their market reach.

Al-Ahnaf Bin Ahmed Al-Zubaidi, Social Investment and Community Relation Manager at Oman Shell shares, "Empowering local businesses is at the heart of our commitment to Oman’s future, and the launch of Shell Intilaaqah marks a truly impactful step forward for our national economy. By offering high-growth SMEs the opportunity for hands-on capacity building, access to finance mixers, and strategic mentorship, the program delivers high-value support that enables Omani founders to thrive. We are excited to see these 15 enterprises scale their operations, expand into new market opportunities, and make a lasting contribution toward the realization of Oman Vision 2040."

Yehia Houry, CEO at Flat6Labs, added: "Oman is home to an untapped entrepreneurial talent with ambitious goals and immense potential. By combining Flat6Labs expertise with Oman Shell’s deep commitment to economic development in line with Oman Vision 2040, we are expanding our impact to empower established Omani entrepreneurs with the precise tools and operational support needed. This program helps Omani SMEs overcome business challenges and provides them with access to global and regional investment networks."

The program is currently seeking innovative, Omani-owned and registered SMEs that meet the following criteria:

  • Business Maturity: At least 2 years in operation with sustained, consistent monthly revenue.
  • Team Size: Typically between 2 and 149 employees.
  • Industry & Location: The program is sector-agnostic and open to all governorates, though there is a preference for businesses operating within the company’s designated zones.
  • Value: In-Country Value is preferred and valued, though not mandatory.

Applications for Shell Intilaaqah are now open. Interested SME founders can review the full criteria, terms and conditions and submit their applications online by visiting Oman Shell’s website before the closing deadline on December 24th, 2026.

About Shell Intilaaqah

Shell Intilaaqah is Oman Shell’s flagship social investment initiative, dedicated to supporting small and medium enterprise development in the Sultanate. Since its establishment, Intilaaqah has trained thousands of Omani entrepreneurs, driving local business creation and supporting economic diversification in alignment with national priorities.

About Flat6Labs

Flat6Labs is the Middle East and Africa’s leading entrepreneurial ecosystem platform with operations across 15 countries. Supporting entrepreneurs across different stages, Flat6Labs collaborates with leading partners to run renowned startup programs, strengthen entrepreneurship within emerging markets, and offer expert advisory services to startups, ESOs, corporates, and governments.

Since its launch in 2011 in Cairo, Flat6Labs has supported more than 10,000 founders in the Africa, Levant, and the GCC regions through tailored programs and extensive support services, partnering with global stakeholders.

Deeply committed to inclusivity and opportunity, Flat6Labs actively supports underserved entrepreneurs, with a vast track record supporting women and forcibly displaced individuals, who are creating real impact in vulnerable communities. To date, Flat6Labs-backed startups have generated over 90,000 jobs, with hundreds of entrepreneurs advancing local economies and with an increasing number leading efforts toward a more sustainable future. Flat6Labs is part of the F6 Group, working alongside F6 Ventures, a leading venture capital firm dedicated to early-stage seed investments.

For more information, please visit: www.flat6labs.com

About Oman Shell

Shell has been a partner in Oman’s development and progress over the last several decades. We have been providing pioneering technologies and expertise in the energy industry and creating value for the community. Shell is active in Oman across the oil and gas industry and is involved in joint venture and independent activities ranging from research and development, exploration and production to trading, retail and new energies. Shell also implements an extensive social investment programme that contributes to the sustainable development of the country. Shell holds interests in Petroleum Development Oman (34%), Oman LNG (30%) and Shell Oman Marketing Company (49%). Together they represent a substantial part of Oman’s economic growth.

In January 2023, Oman Shell started producing gas from Mabrouk North East field in Block 10 in Oman. Shell holds a 53.45% working interest in Block 10, with OQ and Marsa Liquefied Natural Gas LLC (a joint venture between TotalEnergies and OQ) holding 13.36% and 33.19% respectively.

Cautionary Note

The companies in which Shell plc directly and indirectly owns investments are separate legal entities. In this press release “Shell”, “Shell Group” and “Group” are sometimes used for convenience where references are made to Shell plc and its subsidiaries in general. Likewise, the words “we”, “us” and “our” are also used to refer to Shell plc and its subsidiaries in general or to those who work for them. These terms are also used where no useful purpose is served by identifying the particular entity or entities. ‘‘Subsidiaries’’, “Shell subsidiaries” and “Shell companies” as used in this press release refer to entities over which Shell plc either directly or indirectly has control. The term “joint venture”, “joint operations”, “joint arrangements”, and “associates” may also be used to refer to a commercial arrangement in which Shell has a direct or indirect ownership interest with one or more parties. The term “Shell interest” is used for convenience to indicate the direct and/or indirect ownership interest held by Shell in an entity or unincorporated joint arrangement, after exclusion of all third-party interest.

Forward-Looking Statements

This press release contains forward-looking statements (within the meaning of the U.S. Private Securities Litigation Reform Act of 1995) concerning the financial condition, results of operations and businesses of Shell. All statements other than statements of historical fact are, or may be deemed to be, forward-looking statements. Forward-looking statements are statements of future expectations that are based on management’s current expectations and assumptions and involve known and unknown risks and uncertainties that could cause actual results, performance or events to differ materially from those expressed or implied in these statements. Forward-looking statements include, among other things, statements concerning the potential exposure of Shell to market risks and statements expressing management’s expectations, beliefs, estimates, forecasts, projections and assumptions. These forward-looking statements are identified by their use of terms and phrases such as “aim”; “ambition”; ‘‘anticipate’’; ‘‘believe’’; “commit”; “commitment”; ‘‘could’’; ‘‘estimate’’; ‘‘expect’’; ‘‘goals’’; ‘‘intend’’; ‘‘may’’; “milestones”; ‘‘objectives’’; ‘‘outlook’’; ‘‘plan’’; ‘‘probably’’; ‘‘project’’; ‘‘risks’’; “schedule”; ‘‘seek’’; ‘‘should’’; ‘‘target’’; ‘‘will’’; “would” and similar terms and phrases. There are a number of factors that could affect the future operations of Shell and could cause those results to differ materially from those expressed in the forward-looking statements included in this press release, including (without limitation): (a) price fluctuations in crude oil and natural gas; (b) changes in demand for Shell’s products; (c) currency fluctuations; (d) drilling and production results; (e) reserves estimates; (f) loss of market share and industry competition; (g) environmental and physical risks; (h) risks associated with the identification of suitable potential acquisition properties and targets, and successful negotiation and completion of such transactions;  (i)  the risk of doing business in developing countries and countries subject to international sanctions; (j)  legislative, judicial, fiscal and regulatory developments including regulatory measures addressing climate change; (k) economic and financial market conditions in various countries and regions; (l) political risks, including the risks of expropriation and renegotiation of the terms of contracts with governmental entities, delays or advancements in the approval of projects and delays in the reimbursement for shared costs; (m) risks associated with the impact of pandemics, such as the COVID-19 (coronavirus) outbreak, regional conflicts, such as the Russia-Ukraine war, and a significant cybersecurity breach; and (n) changes in trading conditions. No assurance is provided that future dividend payments will match or exceed previous dividend payments. All forward-looking statements contained in this press release are expressly qualified in their entirety by the cautionary statements contained or referred to in this section. Readers should not place undue reliance on forward-looking statements. Additional risk factors that may affect future results are contained in Shell plc’s Form 20-F for the year ended December 31, 2023 (available at www.shell.com/investors/news-and-filings/sec-filings.html and www.sec.gov

These risk factors also expressly qualify all forward-looking statements contained in this press .( release and should be considered by the reader. Each forward-looking statement speaks only as of the date of the press release [15 November, 2026]. Neither Shell plc nor any of its subsidiaries undertake any obligation to publicly update or revise any forward-looking statement as a result of new information, future events or other information. In light of these risks, results could differ materially from those stated, implied or inferred from the forward-looking statements contained in this press release.

Shell’s Net Carbon Intensity

Also, in this press release, we may refer to Shell’s “Net Carbon Intensity” (NCI), which includes Shell’s carbon emissions from the production of our energy products, our suppliers’ carbon emissions in supplying energy for that production and our customers’ carbon emissions associated with their use of the energy products we sell. Shell’s NCI also includes the emissions associated with the production and use of energy products produced by others which Shell purchases for resale. Shell only controls its own emissions. The use of the terms Shell’s “Net Carbon Intensity” or NCI are for convenience only and not intended to suggest these emissions are those of Shell plc or its subsidiaries.

Shell’s net-zero emissions target

Shell’s operating plan, outlook and budgets are forecasted for a ten-year period and are updated every year. They reflect the current economic environment and what we can reasonably expect to see over the next ten years. Accordingly, they reflect our Scope 1, Scope 2 and NCI targets over the next ten years. However, Shell’s operating plans cannot reflect our 2050 net-zero emissions target, as this target is currently outside our planning period. In the future, as society moves towards net-zero emissions, we expect Shell’s operating plans to reflect this movement. However, if society is not net zero in 2050, as of today, there would be a significant risk that Shell may not meet this target.

Forward-Looking non-GAAP measures

This press release may contain certain forward-looking non-GAAP measures such as [cash capital expenditure] and [divestments]. We are unable to provide a reconciliation of these forward-looking non-GAAP measures to the most comparable GAAP financial measures because certain information needed to reconcile those non-GAAP measures to the most comparable GAAP financial measures is dependent on future events some of which are outside the control of Shell, such as oil and gas prices, interest rates and exchange rates. Moreover, estimating such GAAP measures with the required precision necessary to provide a meaningful reconciliation is extremely difficult and could not be accomplished without unreasonable effort. Non-GAAP measures in respect of future periods which cannot be reconciled to the most comparable GAAP financial measure are calculated in a manner which is consistent with the accounting policies applied in Shell plc’s consolidated financial statements.

The contents of websites referred to in this press release do not form part of this press release. We may have used certain terms, such as resources, in this press release that the United States Securities and Exchange Commission (SEC) strictly prohibits us from including in our filings with the SEC. Investors are urged to consider closely the disclosure in our Form 20-F, File No 1-32575, available on the SEC website www.sec.gov.


Enquiries

Salima Al Masrouri

Email: S.Al-Masroori@shell.com

Middle East and North Africa Media Relations: mena.media@shell.com

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