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EDITOR IN CHIEF- ABDULLAH BIN SALIM AL SHUEILI

Meethaq inks RO 31.5mn deal to finance A’Saffa Foods

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A’Saffa Foods SAOG, Oman’s largest fully integrated poultry and processed food producer and Bank Muscat’s Islamic Banking window Meethaq, signed on Sunday an agreement covering RO 31.5 Million in financing facilities to fund the expansion of A’Saffa Foods. Dr Nasser Zahir al Maawali — CEO of A’Saffa Foods SAOG, and Sulaiman al Harthy, Deputy Chief Executive Officer from Meethaq Islamic Banking, signed the financing agreement at a ceremony that was held at the Bank Muscat Headquarters in Seeb, in the presence of Shaikh Rashid al Saadi; Chairman of A’Saffa Foods; Rafique Chaudhary — CFO; Sidhartha Lenka — Head of Marketing & Sales, and senior management from both A’Saffa Foods and Bank Muscat.


The massive expansion project will double the production capacity of A’Saffa Foods from the current capacity of 20 million birds per annum production to 40 million birds per annum.


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