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FINANCIAL NEWS
Oman-A’Saffa Foods project to be completed by 2018
28 Mar 2017
(MENAFN) An expansion project at A’Saffa Foods in Oman to double chicken meat capacity will be finished by the end of the coming year.
Meanwhile, the firm plans to raise production capacity to 40.000 tons from 20.000 tons with a capital spending of OMR45mn.
In addition, the company’s revenue for last year was OMR4.45mn, down from OMR5.79mn in the previous year, owing to a growth in land lease rental.
Furthermore, the firm’s board has offered a cash dividend of 20 percent for last year, which is subject to an approval by shareholders at the annual general meeting.
MENAFN2803201700450000ID1095349781
MENAFN2803201700450000ID1095349781
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