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- Sohar International, Liva sign RO63mn loan deal
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12/06/2025 03:58 AST
National Gas Company, Oman's leading liquified petroleum gas (LPG) marketing firm, has announced the successful acquisition of an 80% stake in Samahram Gas Company, which is a key player in the refilling and distribution of LPG in the Dhofar Governorate.
In a disclosure to the Muscat Stock Exchange, National Gas confirmed that the transaction was finalised on June 4, 2025, following all regulatory approvals and compliance with applicable laws.
'This strategic acquisition aligns with our long-term growth objectives and is expected to significantly strengthen our footprint in Oman's LPG market,' National Gas said in its disclosure.
The company added that the investment is anticipated to deliver solid returns and contribute positively to both revenue and net income at the group level.
'We remain committed to delivering value to our shareholders through strategic investments and market expansion initiatives,' the company noted.
Samahram Gas has established itself as a significant operator in southern Oman, and the deal is seen as part of National Gas's broader strategy to consolidate its presence in the domestic LPG sector.
Samahram Gas' core business are LPG filling cylinders, LPG central gas system installation, operations and LPG bulk supply. The company offers a one-stop-shop for LPG needs for all its clients.
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07/05/2014
National Gas Company said that its rights issue was subscribed to the extent of 15.56 million shares, against an offer of 20 million shares. The Capital Market Authority (CMA) has approved the allotm
Times of Oman
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16/07/2025
In line with its commitment to enabling strategic partnerships that support sustainable business growth, Sohar International has signed a consolidated loan agreement with Liva Group, a leading multi
Muscat Daily
16/07/2025
Reflecting its commitment to enriching the banking experience of its customers by providing exclusive offers and special rewards, National Bank of Kuwait announced the joining of Abyat, a leading com
Kuwait Times
16/07/2025
Aamal Company has entered into an agreement with Al Jazi Real Estate to purchase the Golden (Aamal) Tower located in Onaiza, for a total price of QR478.4mn.
The purchase price was determined
Gulf Times
16/07/2025
Bank Muscat, the flagship financial institution in the Sultanate of Oman, announced its preliminary unaudited results for the six months ending on June 30.
The bank posted a net profit of RO
Muscat Daily
16/07/2025
Woqod - which has exclusive concession in Qatar to distribute, sell, transport and market refined petroleum products and gas to airports and seaports - has reported net profit of QR460mn, translating
Gulf Times
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