Mawarid Holding Investment LLC and Mawarid International Investment LLC entered into agreements to acquire mobile LNC production units of Desert Control AS (OB:DSRT) on June 22, 2023. In related transaction, Mawarid entered into agreements to acquire 49% stake in Mawarid Desert Control LLC from Desert Control and Further, Mawarid will acquire Desert Control Liquid Natural Clay Manufacturing (Sole Proprietorship) LLC. Completion of the agreements is subject to customary terms and conditions, including certain public authorizations, all of which are expected to be met.