GulfBase Live Support
21/01/2010 00:00 AST
The Board of Directors of Dhofar Cattle Feed (DCF) yesterday approved the sale of its entire holding of 9,967,845 shares of BankDhofar in a deal expected to generate around RO 7.3 million cash for the company. The proceeds will be used to settle part of the company’s long term and short term loans, while the remainder will be retained for its working capital, DCF said in a communication to the Muscat Securities Market (MSM). The divestment is also expected to yield a profit of around RO 5.5 million, which will be transferred from the company’s Investment Fluctuation Reserve to the Profit and Lloss Account, it added.
Oman Daily Observer
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Dhofar Cattle Feed (DCF) says it is awaiting details of a formula to be applied by feed manufacturers for calculating the subsidy on feed products. The subsidy came into force with effect from Januar
Oman Daily Observer
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SABIC | 114.77 | 5,915,941 |
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Gulf News