Golden Sands acquires 34.91% Stake in Salalah Beach Resort

Golden Sands Co LLC Acquisition of 34.91% Stake in Salalah Beach Resort SAOG

Muscat: Golden Sands has successfully acquired a 34.91% Stake in Salalah Beach Resort SAOG

In a disclosure to Muscat Stock exchange the company said: “With reference to the compulsory acquisition disclosure published on 18-oct-2023, The company would like to formally inform that the Golden Sands Hotel Co, LLC has successfully acquired a 34.91% stake in Salalah Beach Resort SAOG through the compulsory acquisition process, in accordance with the stipulations outlined in Articles 62 to 65 (inclusive) of the Takeover & Acquisition Regulation (CMA decision No. 2/2019). This strategic move positions Golden Sands Hotel Co. LLC as the 100% shareholder of Salalah Beach Resort SAOG, effective 27 Dec 2023.”

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