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FINANCIAL NEWS
Omani Al Jazeera to buy Al Anwar Ceramics for USD106m
22 Sep 2015
(MENAFN) Oman based Al Jazeera Services has agreed to the proposal from Oman Investment Fund to take the entire stake in Al Anwar Ceramic Tiles, based on reports.
The stake which will be purchased by Oman Investment Fund amounts to USD106.1 million, which will only be seen through as the firm completed legal requirements.
Al Anwar Ceramics was performing good recently as the firm’s turnover grew by 3.7 percent from that of USD36.7 million posted in 2014’s first half to USD38 million in this year.
“We are satisfied with our sales performance in Oman, where we continue to grow and hold a dominant position, gaining a strong foothold in that market,” said Al Anwar Ceramics’ chairman.
More News
08 Apr 2026
BBK awards over BD 1 Million to 273 winners in the February Al Hayrat Grand Prizes draw
01 Mar 2026
BBK activates partial remote working system for its workforce to ensure employee and customer safety and service continuity
24 Feb 2026
BBK discloses its financial results for the year ended 31st December 2025
05 Feb 2026
BBK announces December Al Hayrat Grand Prize winners and another wave of Grand prizes for February
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