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Minerals Development Oman acquires 14.8% of Synergies Casting Oman

Muscat: Minerals Development Oman (MDO) has recently established 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, which expected to start commercial operation in Q1 2022.The RO 42 million project is expected to produce. ....

Al Batinah , Sultanate Of Oman , Eng Ahmed Al Mazrouei , Al Jeel Saeid , Sohar International Bank , Minerals Development Oman , Oman Development Fund , Sultan Special Force Pension Fund , Synergies Casting Oman , Suhar Industrial Estate , Synergies Casting India , Sohar International , Eng Nasser Saif Al Maqbali , Executive Director , 114 8 ,