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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 |
|---|
| Ticker | Price | Change |
|---|---|---|
| ALPHADHABI | 9.78 | -0.26 (-2.59 |
| IQCD | 12.30 | 0.30 (2.50 |
| MODON | 3.33 | -0.09 (-2.64 |
| ADNOCLS | 5.53 | -0.03 (-0.54 |
| ADPORTS | 4.41 | -0.15 (-3.29 |
20/11/2025
The UAE Ministry of Finance signed its second agreement under the Retail Sukuk initiative, partnering now with Emirates NBD to give citizens and residents wider digital access to UAE Treasury Bonds a
Gulfnews
20/11/2025
National Bank of Kuwait announces strategic collaboration with AZ eWallet, one of the leading fintech company in Kuwait. The collaboration reflects the bank's ongoing commitment to driving innovation
Kuwait Times
20/11/2025
Aamal Company, one of Qatar's leading diversified companies, has signed a memorandum of understanding (MoU) with Germany-headquartered Niedax Group, a global leader in cable management systems, to es
Gulf Times
20/11/2025
In a landmark achievement reaffirming its digital leadership in the region, QNB, the largest financial institution in the Middle East and Africa, has been awarded the prestigious "Digital Transformat
The Peninsula
20/11/2025
Saudi Aramco, one of the world's leading integrated energy and chemicals companies, announced on Wednesday 17 Memoranda of Understanding (MoUs) and agreements with a potential total value of more tha
Asharq Al Awsat
Financial Information Co.
Saudi Arabia