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- China's Economy Grows 5% in 2025, Buoyed by Strong Exports Despite Trump's Tariffs
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20/02/2014 09:41 AST
Reference to the strategy adopted by the Board of Directors in restructuring the investments of the parent Company in each of its subsidiaries and investments available for sale after the reduction in the Company capital. The Board of Directors had studied the offers received from some investors to buy a stake of the parent Company in one of its subsidiaries companies, and buy shares of one of investments available for sale.
The Board decided unanimously approval to accept the offers at their emergency meeting held on Wednesday evening dated 19/2/2014.
The selling process will make a profit for the parent Company during the year ended December 31, 2014, and will provide liquid cash for the Company, which will have a positive effect in performance of the Company future.
The Board will disclosure to the shareholders / investors, the financial impact on the Company immediately after the completion of the legal procedures and the approval of the concerned authorities to complete the deal, The board had already completed the process of restructuring the Company investments after completing this deal, and will disclose to the shareholders / investors any updates on what mentioned above.
Muscat Market
25/03/2014
Disclose the completion of the sale of shares of the parent company in the Mazoon College SAOC.Referring to the disclosure of the date of 20.02.2014 and disclosure of the date of 23.02.2014 regarding
Press Release
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19/01/2026
Bank Muscat, the largest financial institution in Oman, posted a net profit of RO255.54mn for the year ended December 31, 2025, up from RO225.58mn in 2024, marking an increase of 13.3%.
Acco
Muscat Daily
19/01/2026
Oman's Asyad Shipping Company announced that it has signed shipbuilding contracts with South Korean shipbuilder Hanwha Ocean for the construction of three Very Large Crude Carriers (VLCCs).
Muscat Daily
19/01/2026
Specialized Medical Company (SMC Healthcare), one of Saudi Arabia's leading private healthcare providers, today announced the official opening of its new outpatient clinic center, SMC Clinics, on Pri
Trade Arabia
19/01/2026
In the final draw for the Thara'a Savings Account for 2025, Dukhan Bank is pleased to announce Sharifa Mohamed Al-Romaihias the winner of the QR1m Thara'a grand prize.
The winner was selecte
The Peninsula
19/01/2026
Saudi Electricity Company (SEC) has announced that it has successfully completed the issuance of a $2.4 billion US dollar-denominated senior unsecured sukuk, split across three tranches with maturiti
Trade Arabia
Financial Information Co.
Saudi Arabia