Related Party Transaction • Jun 20, 2025
Related Party Transaction
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| Date of Announcement | 20 June 2025 |
|---|---|
| Reference | 323/2025 |
| Capital Market Rule |
CMR5.16 |
The Company is pleased to announce that its subsidiary, Medserv Egypt Oil & Gas Services J.S.C, (Medserv Egypt) has successfully renewed a significant contract with IEOC Production B.V. for the provision of integrated logistics and shore base services in Damietta, Egypt.
This renewal extends the long-standing partnership between the two companies for a firm period of two (2) years starting on 1st July 2025, with the client retaining an option to extend for an additional one (1) year.
Under the terms of the renewed contract, Medserv Egypt will continue to provide a comprehensive suite of services, including logistics support and shore base management for the client's ongoing operations in the Eastern Mediterranean.
This renewal is expected to have a positive impact on the Company's financial performance in the coming years.
UNQUOTE
Laragh Cassar Company Secretary
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