Gulf Warehousing Company Q.P.S.C. (“GWC”) would like to disclose that a new wholly owned subsidiary has been established in the Kingdom of Saudi Arabia, as part of the Company’s strategic plan to expand its regional presence and enhance its logistics and supply chain capabilities across the GCC.

Entity Name: GWC ENR LLC

Location: Dammam, Kingdom of Saudi Arabia

Ownership: 100% owned by GWC Q.PS.C Qatar

This disclosure is made in accordance with the applicable regulatory requirements and in the interest of transparency to our stakeholders.