FINANCIAL NEWS

Oman Flour Mills plans new investment

28 Aug 2013

(MENAFN) Oman Flour Mills decided to make Atyab Investment Co into a holding company, Times of Oman reported.

The board of directors made the decision following a study performed by Pricewaterhouse Coopers (PwC) about the company’s investment strategy.

Atyab Investment, after restructuring, will up its investments in milling and poultry and their related activities in addition to logistic services for food industry.

The new USD181.3 million investment will provide 1,200 jobs, the study revealed.

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