Signing of the lease agreement for the hotel AKVAMARIN - GINO Paradise Tbilisi ****

General Director of GINO Holding as Dr. Nodari Giorgadze a Farouk Yousuf Khalil Al-Moayyed - The Chairman of the Board of Directors of the Bahrain-based company Gulf Hotels Group BSC signed a lease agreement for the AKVAMARIN Hotel - GINO Paradise Tbilisi ****. Gulf Hotel Group BSC is a public limited company based in Bahrain that operates in the tourism and hospitality industry. The company owns and operates a number of domestic and international holiday resorts, such as Gulf Hotel Bahrain, Bahrain; Gulf Executive Residence, Bahrain, and Ocean Paradise Resort, Zanzibar, Republic of Tanzania. It also owns the Gulf Convention Center, which hosts conferences, exhibitions, gala dinners, banquets and weddings. Nothing changes for our owners. Leases will continue to be signed with us. We believe that the entry of this strategic partner into the operation of the hotel will help us to make it more attractive and closer to new clients from new destinations.