The Joint Venture Agreement (JVA) amongst Industries Qatar (IQ), OPIC Middle East Corp (OMEC), International Octane LLC (IOLLC), and LCY Middle East Corp (LCYMEC) concluded in June 2024. QAFAC is now a Qatari company owned by QatarEnergy (50%) and IQ (50%), which opens new opportunities for growth under a fully Qatari-owned framework, reflecting our continued commitment to national advancement and industrial excellence.