Oman Hotels plans to buyback shares from minority shareholders

The majority shareholders of Oman Hotels and Tourism Company plan to buyback the company’s shares from minority shareholders who own 50,000 shares or less. The offer price is fixed at 436 baisas per share, and is valid from May 30 to June 29, 2017, according to a disclosure statement posted on the MSM website. This […]

MEDC shares to be offered to institutional investors; IPO to follow

    Nama Holding will invite Omani institutional investors to sell shares in Muscat Electricity Distribution Company (MEDC) within the next few days, according to a press release. This will be followed by an initial public offering for retail investors, which will be the second phase of the share offer. MEDC is a subsidiary of […]

Bank Dhofar-1
BankDhofar names new chief executive officer

BankDhofar announced Abdul Hakeem Omar Al Ojaili as the chief executive officer of the bank. Abdul Hakeem Al Ojaili took over the leadership role of acting chief executive officer of the bank in October 2013. He has 26 years of banking experience, a Master Degree in Banking Management from University of Exeter, UK and a […]

Muscat bourse reconstitutes Sharia Index

Oman’s Muscat Securities Market has re-constituted its Sharia Index by replacing two companies in the basket with new firms. The companies that are newly included in the index are Oman Flour Mills and Takaful Oman Insurance, while National Biscuit Industries and Oman Refreshment have been removed from the basket of stocks that constitute the index, […]

Listed companies distribute RO418mn dividend

Listed firms on the Muscat Securities Market have announced that they will distribute OMR417.6 million worth of dividend to their shareholders. The cash dividends approved by the annual general meetings that were held in March stood at about OMR360 million. Still, a number of companies announced that they will distribute interim cash dividends in the […]

Zubair SEC
Zubair SEC, CA Group sign MoU

With the aim to enhance members’ capacities and professionalism, and provide cross selling opportunities for its members, Zubair Small Enterprises Centre (Zubair SEC) and CA Group Company have signed a memorandum of understanding (MoU). The cooperation between the two parties was signed in the presence of executive representatives of Zubair SEC and CA Group company. […]

Dry port Al Mazyunah
New dry port to come up in Al Mazyunah Free Zone

The foundation stone for a new dry port project, named ‘Sasco’ was laid at Al Mazyunah Free Zone yesterday under the auspices of Shaikh Abdullah bin Aqeel al Ibrahim, acting Deputy Governor of Dhofar. The ceremony was held in the presence of Sheikh Amer bin Salim Kashoob, Wali of Al Mazyunah, Hilal bin Hamad Al […]

Oman Air_web
Oman Air contributes RO600mn to economy in 2016

Oman Air’s contribution to the national economy was estimated at about RO 600 million in 2016, as the national carrier continued to leverage its expanding network to drive tourist traffic to the Sultanate as well as facilitate business travel, the Chairman of the airline’s Board of Directors said. Darwish bin Ismaeel al Balushi, who is […]

Oman Cables names new chief executive officer

Oman Cables Industry on Sunday said that the company’s board has appointed Ali Habaj as its chief executive officer. Ali Habaj, who is with Oman Flour Mills and Atyab Investments, will take charge at the beginning of July 2017, according to a disclosure statement posted on MSM website. He will replace the present chief executive […]

A’Saffa Foods
A’Saffa Foods to complete expansion by end-2018

An expansion project to double chicken meat capacity at A’Saffa Foods will be completed by the end of 2018. A’Saffa Foods plans to raise production capacity to 40,000 tonnes from 20,000 tonnes with a capital expenditure of OMR45 million, the company said in its annual report. The expansion programme is aimed at meeting growing demand […]

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