Oman Agriculture Development Company receives OMR10m compensation

29/05/2014 06:21 AST

The Oman Agriculture Development Company said that the company has received OMR10.34 million from Diwan of Royal Court as full and final settlement of compensation to vacate its Sohar site, said a disclosure statement posted on MSM website.

The company's board last year said it has already reached a settlement with the employees of the company who have initiated claims following termination of their contracts and the board has resolved to dispose some of the company's financial assets in order to pay the settlement amount to the employees.

An extraordinary general meeting held last year approved a proposal to suspend its operation until an alternative site was found to re-start operations.


Times of Oman

News

BoD of OADI Approves the Un Audited Financial Statements for the 2Q

27/11/2012

Board of Directors, at their meeting held on 26th November, 2012, approved the Un Audited Financial Statements for the 2nd Quarter ended 31st October, 2012 with net loss before tax of RO 235159 (prev

Press Release

OADC enhances quality, plans exports

06/12/2009

Oman Agriculture Development Co (OADC) SAOG has further enhanced the quality of its products, and has put in place new measures to expand its distribution network in the Sultanate and to start export

Oman Daily Observer

Most Viewed Companies

Ticker Price Volume
SABIC 114.77 5,915,941

Valuation

OADI Sector Market
P/E
Price/BookValue

Top Related Companies

Ticker Price Change
GLOBAL 0.00 0.00 (0.00%)
MARIN 0.00 0.00 (0.00%)
AINV 0.00 0.00 (0.00%)
TII 0.00 0.00 (0.00%)
IIC 0.00 0.00 (0.00%)

Recent News

SABIC-MCC joint venture starts output

05/04/2018

SABIC announced the successful completion of the pilot operation of the Methyl Methacrylate Monomer (MMA) and Poly Methyl Methacrylate (PMMA) plants and the commencement of commercial operations.

Saudi Gazette

S&P affirms QIB rating at A-

05/04/2018

Standard & Poor’s (S&P) has affirmed QIB’s Issuer Credit Rating at A-, Qatar’s leading Islamic bank has said in a release. According to S&P, the major contributing factors strengthening QIB’s rating

Gulf Times

Qatar National Bank seeks growth in Southeast Asia

05/04/2018

Qatar National Bank (QNB) aims to increase its profit by 5-8 percent this year and loans and investments by 10-12 percent, helped by expansion into faster-growing Southeast Asia markets, its CEO told

The Peninsula

Doha Bank’s third Indian branch opens today

04/04/2018

Doha Bank has announced the official inauguration of its Chennai Branch, in the southern Indian state, will be held today. This is Doha Bank’s third city in India after its successful establishment o

The Peninsula

SHUAA to act as liquidity provider to Bank of Sharjah

04/04/2018

Bank of Sharjah said it has engaged SHUAA Capital International as liquidity providers for its shares and will commence the activity from April 4. SHUAA Capital International shall not hold more than

Gulf News

logo

Financial Information Co.

P.O. Box 69410, Riyadh 11547, Saudi Arabia

GCC Markets

Mutual Funds

News

Investment Tools

Sector News

Screeners

Indices & Commodities

Downloads

Copyright ©2001 - 2024, Financial Information Co. All Rights Reserved.

Terms of Services | Privacy Policy | Advertise with us | Contact Us | Sitemap