Hydrogen Utopia KSA formed and ready for action

HUI, a pioneering company converting non-recyclable mixed waste plastic, tyres and hazardous waste materials into hydrogen and carbon-free fuels, is delighted to announce that it has established a wholly owned subsidiary (national number 7053239070) in the Kingdom of Saudi Arabia ("KSA") ("HUI KSA").

Iman Ramani has assisted HUI in securing endorsements from the Ministry of Investment of Saudi Arabia ("MISA"), the Saudi Investment Recycling Company ("SIRC") and the Research, Development and Innovation Authority ("RDIA"), all of which have been instrumental in supporting the establishment of HUI's subsidiary in the Kingdom.

MISA is responsible for promoting foreign investment and fostering a business-friendly environment in line with KSA's national economic diversification objectives. SIRC is a wholly owned subsidiary of the Public Investment Fund of Saudi Arabia and serves as the national authority for waste management, recycling and circular-economy development, with a mandate to develop waste-related infrastructure and support the transformation of KSA's waste sector under Vision 2030. RDIA is a government agency tasked with supporting and coordinating research, development and innovation activities in the KSA, promoting the national innovation ecosystem and aligning research efforts with strategic Vision 2030 priorities.

Signing an MOU in the KSA is rare and carries considerable significance. The latest MOU, signed with Hydrogen Systems, is regarded as a badge of honour and a recognition of the Company's credibility and potential - a level of acknowledgement not yet fully appreciated in Europe.

In connection with the establishment of the subsidiary, the Company is pleased to announce the appointment of Iman Ramani as Vice President of HUI KSA. In this role, Iman Ramani will oversee coordination between the Company's London operations and its activities in the KSA, engage with private and public sector bodies and assist with fundraising in the KSA.

CEO of Hydrogen Utopia International PLC "We have obtained the license to InEnTec's groundbreaking technology with the intention of deploying it in the MENA region, particularly in the Kingdom of Saudi Arabia, knowing that this technology is an ideal fit with the Kingdom's extraordinary Vision 2030. I am delighted that we have managed to establish a legal entity in the Kingdom, which is another important stepping stone on our path. On behalf of the HUI Board, I would like to thank Iman for his expertise and support in helping us navigate the business landscape in Saudi Arabia. His contribution has been valuable in supporting HUI's efforts in a new and dynamic ecosystem, and his commitment up until now has been encouraging as we continue to advance our strategic objectives in the region.

Iman Ramani, VP HUI KSA: It is a privilege to take on the role of Vice President, MENA, at HUI KSA. The region, and Saudi Arabia in particular, is moving rapidly to adopt innovative technologies that address waste management, energy security, and decarbonisation. I look forward to working closely with regional stakeholders to support the deployment of the InEnTec technology and to help establish HUI KSA as a long-term partner in the Kingdom and wider MENA region.