The Managing Director
Pakistan Stock Exchange Limited Stock Exchange Road
Karachi
CA-25-4856
November 20, 2025
Subject: Execution of Joint Venture Agreement with Ghani Chemical Industries Ltd. (GCI) for jointly setting up a Project Company to process vent/exhaust gas from the Sachal Gas Processing Complex, Daharki, Sindh.
Dear Sir,
This refers to our earlier notice CA-25-4607, dated July 01, 2025 to PSX, conveying execution of Term Sheet with GCI for joint collaboration.
We would like to inform you that on November 19th 2025, Mari Energies Limited has executed a Joint Venture Agreement with Ghani Chemical Industries Ltd to form a Project Company for processing vent/exhaust gas from Sachal Gas Processing Complex (SGPC), Mari Field, Daharki, to recover hydrocarbons present in the exhaust gas for producing and disposal in the form of liquified natural gas (LNG) as well as industrial and food grade carbon dioxide (CO2).
MariEnergies shall have 51% equity in the project company, whereas the remaining 49% equity share shall be held by GCI.
The implementation of project would enable the company not only to reduce the greenhouse gas emissions but also generate economic value for the stakeholders.
You may disseminate this information to the TRE certificate holders of the Exchange, accordingly.
For and on behalf of Mari Energies Limited
Brig Sumair Ashraf Sheikh (Retd)
Company Secretary
Copy to:
Director (Enforcement)
Securities and Exchange Commission of Pakistan NIC Building, Jinnah Avenue, Blue Area Islamabad