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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
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16/05/2025
Abu Dhabi National Energy Company (TAQA), one of the largest listed integrated utilities companies in Europe, the Middle East and Africa, has delivered a 3.8% year-on-year revenue growth, reaching AE
Trade Arabia
16/05/2025
Abraj Energy Services has signed a contract with BP Oman to provide a drilling rig for operations in Block 61, with the rig expected to become operational in the fourth quarter of 2025.
The
Muscat Daily
16/05/2025
Commercial Bank, a leader in innovative digital banking solutions, has unveiled its all-new Corporate Mobile Banking App, setting a new standard for business banking in the region.
This stat
Gulf Times
16/05/2025
Emirates NBD is rolling out a new AI-driven solution to strengthen its compliance checks on payments and trade transactions, as part of a wider effort to improve safety, speed, and transparency in fi
Gulfnews
16/05/2025
In line with its leading and responsible role in the banking industry, National Bank of Kuwait continues to advance confidently towards building a sustainable future by implementing its environmental
Kuwait Times
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