Aqua Bio Technology ASA has been informed by the second large pharmacy chain in Saudi Arabia, Al Dawaa Pharmacies that they are ready to distribute Moana Skincare to around 50 pharmacies across Saudi Arabia with the possibility of expanding to more stores provided that ABT, among other things, obtains approval from the Saudi Arabian authorities for the sale of the Moana Skincare products. In that regard, ATB has signed a letter of appointment pursuant to which Al Dawaa is ABT's chosen distributor for the commercialization of the Moana Skincare product in Saudi Arabia. Following approval from the Saudi Arabian authorities, ABT and Al Dawaa will further enter into a distribution agreement of the Moana Skincare product across Saudi Arabia.

Moana Skincare currently consists of a portfolio of 19 skin care products, most of which are based on potent extracts from plants found in New Zealand's unspoiled nature. These have been used in traditional medicine by the country's indigenous people, the Maori, for centuries. The cornerstone of Moana Skincare's skin care products is a certified organic red seaweed found only in the waters around New Zealand.

The products have a documented moisturizing effect that lasts for a full 60 hours after application on the skin, which is several times better than the competitors on the market. The series is also organically certified according to one of the world's strictest standards.