Subsidiary of Hassad Co acquires 33% of Omani firm


Oman-listed Al Saffa Foods announced that Arab Authority for Agricultural Investment and Development has sold all its 39.9 million shares, representing 33.25% of the share capital of Al Saffa, to Zulal Investment Company, a 100% subsidiary of Hassad Food Company.

 

Financials for Al Saffa showed a rise by 6.19% in its profit to around OMR 5.354 million during the nine-month period ending September 30, 2014.

 

 

Mubasher Contribution Time: 08-Feb-2015 11:08 (GMT)