Government stake in Oman Flour Mills transferred to OFIC
The Omani government’s 51% stake in the joint stock Oman Flour Mills Company SAOG (OFM) has been transferred to Oman Food Investment Holding Co SAOC (OFIC), a wholly-government-owned entity set up with a mandate to support the nation’s food security objectives. OFIC aims to boost Oman’s food security and economic well-being by investing in domestic and international food projects in partnership with food companies, investors and other stakeholders. (Oman Observer)
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