Economy
Oman’s Leading Plastics Packaging Firm Pondering $ 800 Million Sale

Muscat: According to sources working closely with the subject, Octal – Oman’s leading Plastics packaging firm is considering the sale of majority stakes, valued at $ 800 million.
The firm has facilities in Oman, Saudi Arabia and the US and ships its products to more than 75 countries, as stated on their website. Beginning in 2006, Octal produces Polyethylene Terephthalate (Compound used in food packaging).
The firm is working with JPMorgan Chase & Co and according to sources, the prospective sale has drawn considerable interest from entities in the US and Asia. A representative for JPMorgan declined to comment, while a spokesperson for Octal couldn’t be reached for comment.
-
News1 month ago
Offer Price, Overview, Investors: Here’s Everything You Need to Know About Asyad Shipping’s Mega IPO
-
OER Magazines1 month ago
OER, February 25
-
Automotive2 months ago
[REVIEW] A Legend Reinvented: The Nissan Patrol Y63 Blends Heritage with Modern Mastery
-
Alamaliktistaad Magazines1 month ago
Al-iktisaad, February 2025
-
Energy1 month ago
Dubai Supreme Council of Energy Unveils 5th Emirates Energy Award 2023–2025 in Muscat
-
News2 months ago
Oil Prices Rise as Investors Assess New US Tariff Threats
-
News2 months ago
Middle East Emerging as a Key Destination for Sports Tourism
-
News1 month ago
Shell Oman Marketing Company Hosts the 1st Lubricants Technology Conference in Muscat