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24/12/2014 01:37 AST
Asaffa Foods, one of Oman's leading poultry farms and processed foodstuff producers, plans to take up a 20 per cent stake in a new project for white meat production in the Sultanate. A decision to this effect was taken at the company's Board of Directors' meeting held on Monday.
The company said in a filing to the Capital Market Authority that the Board decided to participate with a maximum 20 per cent of the equity of RO 50 million in the new company, which is currently under formation as an SAOC entity.
Additionally, the Board also resolved to establish a Limited Liability Company with a maximum capital of RO 2 million specialising in the production of organic waste and fertiliser production based on residue obtained from the poultry farms. The project will be set up either as a partnership venture or an independent company in the proximity of its existing farms, the company added in its statement.
Oman Daily Observer
10/02/2015
Qatar's Hassad Food has acquired a minority equity interest in A'Saffa Foods.
The transaction which was announced on Monday in Muscat was concluded and signed by Nasser Al Hajri, chairman
Times of Oman
01/05/2014
A'Saffa Foods Co reported a 6.5 per cent rise in its net profit for the first quarter ended March 31, 2014, to RO1.81mn, compared with RO1.7mn in the corresponding period of the previous year.
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Muscat Daily
05/02/2012
A'saffa Foods, in its bid to become a major food producer in the region, is setting out on major expansion plans. The company is increasing its poultry production by about 24 per cent with a capital
Oman Daily Observer
| Ticker | Price | Volume |
|---|---|---|
| MAADANIYAH | 18.00 | 151,342 |
| FIPCO | 45.05 | 42,576 |
| ASG | 0.00 | 0 |
| TRAFCO | 0.29 | 0 |
| SAUDIKAYAN | 6.74 | 2,338,843 |
| NEFTALSHARQ | 4.20 | 52,662 |
| ALINMARETAILREIT | 4.78 | 26,394 |
| Ticker | Price | Change |
|---|---|---|
| ALPHADHABI | 11.16 | -0.04 (-0.36 |
| IQCD | 13.65 | 0.15 (1.11 |
| ADNOCLS | 5.19 | 0.02 (0.38 |
| ADPORTS | 4.97 | 0.05 (1.01 |
| NMDC | 24.92 | 0.08 (0.32 |
14/09/2024
RIYADH: Saudi master developer Emaar The Economic City's SR8.7 billion ($2.32 billion) capital optimization plan is a "strategic response" to its current financial challenges, according to its CEO. <
Saudi Gazette
12/09/2024
Saudi wheat flour producer Arabian Mills for Food Products Co. has set its final initial public offering price at SR66 ($17.59) per share on the Tadawul main market. During the book-building proces
Arab News
04/05/2018
SABIC announced the successful completion of the pilot operation of the Methyl Methacrylate Monomer (MMA) and Poly Methyl Methacrylate (PMMA) plants and the commencement of commercial operations.
Saudi Gazette
05/04/2018
Standard & Poor's (S&P) has affirmed QIB's Issuer Credit Rating at A-, Qatar's leading Islamic bank has said in a release. According to S&P, the major contributing factors strengthening QIB's rating
Gulf Times
05/04/2018
Qatar National Bank (QNB) aims to increase its profit by 5-8 percent this year and loans and investments by 10-12 percent, helped by expansion into faster-growing Southeast Asia markets, its CEO told
The Peninsula
Financial Information Co.
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