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Sweets of Oman dismisses board member on fraud suspicion

BUSINESS REPORTERMUSCAT, JAN 30The Board of Directors of Sweets of Oman SAOG, a Rusayl-based confectionery maker listed on the Muscat Securities Exchange (MSX), announced on Sunday.

MSX closes week marginally lower

The MSX30 Index ended the week lower by 0.14 per cent. All sub-indices ended lower except financial index which gained by 0.40 per cent. Services & Industrial Index closed lower by 0.88 per cent and 1.48 per cent, respectively. MSX Shariah Index closed lower by 0.02 per cent.Galfar Engineering & Contracting Company has been awarded a new contract worth RO.

Sweets of Oman reports huge losses due to misstatements

Sweets of Oman SAOG, a Rusayl based confectionery maker listed on the Muscat Securities Exchange (MSX), announced on Thursday that a criminal case has been lodged against a number of managers in connection with a fraud uncovered by the company in its accounts.The company had revealed earlier this year that, following an independent review of its accounts, a.

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