• Oman

    • Salalah Mills acquires 50% shares of Al-Rayyan Grain Mills and Silos

    By on January 17, 2024
    Salalah Mills
    Salalah Mills

    Muscat: Salalah Mills acquires 50% shares of Al-Rayyan Grain Mills and Silos company and its assets in the Repblic of Yemen.

    In a disclosure to Muscat Stock Exchange the Company said: “Salalah Mills Company SAOG would like to inform the capital market, the Muscat Stock Exchange and the investor community as follows:-

    Following the previous disclosure dated August 10, 2023, regarding the study of investment opportunities in the Republic of Yemen and based on the legal and financial study:

    On 10, January 2024 Salalah Mills Company signed an agreement to enter into a partnership by acquiring 50% of the shares of Al-Rayyan Grain Mills and Silos Company and its assets in the Republic of Yemen – Hadhramaut Governorate, the city of Mukalla, with an investment estimated at approximately (2.5 million Omani Riyals), two million Omani Riyals and five hundred thousand only.”

    more recommended stories

    Terms of Use:

  • This website Arabian Daily is an individual’s property, not used for any commercial or sales purposes. What you see here are one’s random thoughts in action. I, by no means, endorse any product or party through this, unless stated explicitly.
  • All work you will find here is copyrighted unless stated otherwise. No part of this work can be reproduced in any way with the exception of a) if you share our work, it should link back to this website; b) if you quote any part of our work, it should be properly credited to us with a link to this website.
  • All images used on this website have been taken from open source image websites on the Internet. If any of them are copyrighted to you and you want us to take them down or add credits, please feel free to contact us here, or by using the contact form on this page.
  • The views expressed on Arabian Daily are solely ours. They do not represent any party or any particular school of thought. This website does not promote racism in any form.
  • Privacy Policy:
    This website will respect the readers’ and the writer’s privacy. We do not sell any of their personal or contact information to another company. We do not put your information on spam lists. Also, and more importantly, we are not responsible for the privacy practices of any of our advertisers or website commenters.
  • Reserve Rights: We reserve the right to change the focus on this website, to shut it down, sell it or to change the terms of use at our own discretion.