Galfar Engineering & Contracting SAOG Reports Earnings Results for the Full Year Ended December 31, 2022

Galfar Engineering and Contracting SAOG is an Oman-based joint stock company engaged in the construction sector. The Company is active, along with its subsidiaries, in three segments: construction, hiring of equipment and training of personnel. The Company’s principal activities include civil and mechanical construction, public health engineering, road construction, electrical, plumbing and maintenance contracts, as well as hiring out of cranes, equipment and other vehicles, and training of drivers, operators and others. The Company’s business areas are structured into three, namely Civil and Utilities, Oil & Gas and Roads & Bridges. In additions to the Sultanate of Oman, the Company has operations in other Gulf Cooperation Council (GCC) countries and India. As of December 31, 2011, the Company’s subsidiaries included Al-Khalij Heavy Equipment and Engineering LLC, Galfar Training Institute LLC, Galfar Engineering and Contracting India Pvt Ltd. and Aspire Projects & Services LLC.