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MDO acquires 14 8% stake in Synergies Casting Oman

Minerals Development Oman (MDO) has entered into a strategic partnership with Synergies Casting Oman (SCO) to acquire 14.8% of the company s shares that plans to operate an alloy wheel manufacturing plant in Suhar Industrial Estate.

MDO acquires 14 8% stake in Synergies Casting Oman

Minerals Development Oman (MDO) has entered into a strategic partnership with Synergies Casting Oman (SCO) to acquire 14.8% of the company s shares that plans to operate an alloy wheel manufacturing plant in Suhar Industrial Estate.

MDO acquires 14 8% stake in Synergies Casting Oman

Minerals Development Oman (MDO) has entered into a strategic partnership with Synergies Casting Oman (SCO) to acquire 14.8% of the company s shares. It plans to set up an alloy wheel manufacturing plant in Suhar Industrial Estate.

Minerals Development Oman Acquires 14 8% of Synergies Casting Oman

MDO announces strategic partnership Synergies Casting Oman

Minerals Development Oman (MDO), an affiliate of Oman Investment Authority (OIA), has established a strategic partnership with Synergies Casting Oman (SCO), which is set to start commercial operation of its alloy wheel manufacturing plant in Suhar Industrial Estate in Q1 2022. As part of the partnership, MDO is acquiring a 14.8 per cent stake in Synergies.

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