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21/01/2010 00:00 AST
The Board of Directors of Dhofar Cattle Feed (DCF) yesterday approved the sale of its entire holding of 9,967,845 shares of BankDhofar in a deal expected to generate around RO 7.3 million cash for the company. The proceeds will be used to settle part of the company's long term and short term loans, while the remainder will be retained for its working capital, DCF said in a communication to the Muscat Securities Market (MSM). The divestment is also expected to yield a profit of around RO 5.5 million, which will be transferred from the company's Investment Fluctuation Reserve to the Profit and Lloss Account, it added.
Oman Daily Observer
10/03/2012
Dhofar Cattle Feed (DCF) says it is awaiting details of a formula to be applied by feed manufacturers for calculating the subsidy on feed products. The subsidy came into force with effect from Januar
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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