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.
-
Oil & Gas2 months ago
Oman Oil Exports Exceed 135.3m Barrels by End of June 2024
-
Commodities2 weeks ago
Gold Rangebound as Investors Brace for Key US Economic Data
-
OERLive TV2 months ago
H.E. Salim Al Aufi, Minister of Energy & Minerals talks about Oman’s Green Hydrogen Goals
-
Banking & Finance4 weeks ago
Apple Pay Officially Launched in Oman
-
Uncategorized2 weeks ago
Oman Oil Marketing Company partners with Ihsaan Association to support its activities
-
OER Magazines4 weeks ago
OER, September 2024
-
Alamaliktistaad Magazines1 month ago
Al-iktisaad, September 24
-
Investment2 weeks ago
With Over RO600M in Foreign Investments, Future Fund Oman Unveils the First Batch of Investment Projects with an Overall Value of RO830M+