Muscat Gases to acquire Al Aman
Muscat Gases Company on Monday announced that it will acquire 100 per cent share capital of Al Aman Industrial & House Gas Company LLC.
‘Muscat Gases Company signed an agreement on January 6, 2021 with the shareholders of Al Aman to acquire the 100 per cent share of the capital of Al Aman, including all the LPG filling stations owned by them in Oman,’ Muscat Gases Company said in a disclosure filed to the Muscat Securities Market.
Muscat Gases Company said the objective of this acquisition is to diversify the investments for enhancing the company’s position and to create better growth opportunities in the future.
Muscat Gases Company is the largest LPG bottling company in Oman. The company’s principal activities are manufacturing and distribution of various types of industrial and cooking gases.