Natural Gas Distribution Co. announced signing of a Memorandum of Understanding with TAQA Arabia. Based on the company's expansion plan and achieving its goal of improving and developing the company's profits and finding solutions to enhance its achievements, this memorandum was signed to open new horizons for cooperation and benefit from various practical experiences in the field of gas and energy.

Memorandum Signing Date: September 06, 2022, Corresponding to 1444-02-10. Counterparty: TAQA Arabia. Memorandum Subject: Discussing ways of cooperation in entering into a partnership to develop and operate gas.

Memorandum Duration: A year from the date of signing the memorandum, subject to extension. TAQA Arabia is the large natural gas distribution company in Egypt, as it has the large team specialized in engineering and construction related to natural gas distribution business in order to supervise the distribution activities practiced by the group as well as other projects in several other countries.