SUBSIDIAIRY NAME	COUNTRY	SECTOR/INDUSTRY	OWNERSHIP %	ACQUISITION DATE	ACQUISITION VALUATION	TOTAL ASSET VALUATION
VERITAS IIB MOROCCO	MOROCCO	ENERGY	70% IIB-DG	JULY 16,2021	$440 MILLION USD	4.4 BILLION USD

ENERGY, OIL REFINERY, and GAS

VERITAS MOROCCO: IIB DG acquired Veritas IIB Morocco on July 15, 2021, and they agreed that the funds would be used for the design, implementation, building, installation, and roll-out, with the specific intent of addressing job creation, poverty alleviation, and economic development in the Region. IIB will also be working on the renewable energy project via biogas technology production, Electricity Projects, the hiring of equipment, Machinery, Offices, Staff Security, and Consultants.