GulfBase Live Support
25/03/2014 15:18 AST
Disclose the completion of the sale of shares of the parent company in the Mazoon College SAOC.Referring to the disclosure of the date of 20.02.2014 and disclosure of the date of 23.02.2014 regarding the sale of the parent company stake in one of its subsidiaries , as well as a shares in one of investments available for sale (MAZOON COLLEGE SAOC) we would like to inform the shareholders that it has been the completion of the process of selling the company's shares at the Mazoon College SAOC by RO. 696,700 (six Hundred Ninety Six Thousand and Seven Hundred Rials Omani) today morning date 25/3/2014 and the Parent Company has made profit of RO.637,000 (Six Hundred Thirty Seven thousand Rials Omani) from the sale. With regarding to the sale of a subsidiary Company the process is still in progress and will be disclosed after the approval of the Extraordinary General Meeting and immediately upon completion of the sales process completely Yours sincerely,
Press Release
20/02/2014
Reference to the strategy adopted by the Board of Directors in restructuring the investments of the parent Company in each of its subsidiaries and investments available for sale after the reduction i
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