Poly-GCL Petroleum Group Limited

Kingdom Investment Corporation Limited acquired majority shares of Poly-GCL to develop the gas fields at Calub, Hilala, and Dohar areas in Ethiopia. The project involves the construction of gas pipelines to connect the gas fields with Djibouti and Port Barbera, as well as other transportation infrastructure. The investment will also include regional economic development programs that involve collaborations with local government authorities and communities.