Latest news with #OmanFlourMills
Observer
4 days ago
- Business
- Observer
MSX gains 51 points amid strong earnings
MUSCAT: The Muscat Stock Exchange (MSX) continued its upward trend last week, posting a gain of 51 points to close at 5,654 points, buoyed by positive earnings results from listed companies for the first half of 2025. This marks the fourth consecutive week of growth for the exchange, driven largely by improved financial performance and increased investor confidence. The financial sector index rose by 5 points, while the services sector added 7 points. The Shariah index remained steady at 449 points. In contrast, the industrial sector index fell by 70 points, pulled down by losses in companies such as Oman Flour Mills, Al Maha Ceramics, Voltamp Energy, and others. Trading activity surged, with the number of executed transactions rising by 14 per cent to 10,600, up from 9,290 the previous week. The value of trades remained high, totalling RO 82.4 million, as investment funds and institutions injected more liquidity into the market. Market capitalisation increased by RO 206.7 million, reaching RO 28.643 billion by the end of Thursday's session. OQ Base Industries led trading activity with a value of RO 21.9 million, accounting for 26.5 per cent of the total. Asyad Shipping and Bank Muscat followed, with trades worth RO 15.1 million and RO 14.4 million, respectively. A total of 42 securities gained in value, 29 declined, and 16 remained unchanged. Muscat Insurance topped the gainers, rising 20.3 per cent to 794 baisas. Oman Oil Marketing rose by 11.9 per cent to 750 baisas, and Dhofar Food and Investment climbed 11.2 per cent to 79 baisas. Oman Education and Training gained 10 per cent to 1,320 baisas, and Salalah Port Services added 8.3 per cent to 260 baisas. Among the losers, National Aluminium Products dropped 15.8 per cent to 85 baisas, while International Financial Investments fell 11.7 per cent to 135 baisas. Al Madina Investment declined 8.8 per cent to 41 baisas, and Oman Flour Mills dropped 7.6 per cent to 469 baisas. In corporate developments, Asyad Shipping announced the arrival of a new 308,000-tonne crude oil tanker, "Qurayyat", as part of a $206 million deal to acquire two tankers. The second vessel is expected soon. Liva Group, a major insurance company, has restructured its debt portfolio, consolidating loans into a new RO 63 million credit facility with Bank Sohar International, aiming to cut borrowing costs and improve capital allocation. Phoenix Power Company has confirmed it will distribute dividends on July 28, as approved during its AGM in March, at a rate of 3.5 baisas per share. — ONA
Zawya
15-07-2025
- Business
- Zawya
Oman Flour Mills invests more than 15.4mln in local wheat procurement
Muscat: Oman Flour Mills Company (OFM) has invested more than OMR6 million in the procurement of locally grown wheat between 2021 and 2024. The initiative, implemented in collaboration with the Ministry of Agriculture, Fisheries and Water Resources, has benefited more than 150 Omani farmers. This investment supports the company's broader strategy to promote in-country value and strengthen the national food security system by building supply chains based on domestic agricultural production. As part of these efforts, OFM has unveiled a new product, 'Flour 1', the first flour made entirely from Omani wheat. The launch underscores the company's commitment to supporting local agriculture and developing value-added food industries. Commenting on the milestone, . Haitham bin Mohammed Al Fannah, CEO of Oman Flour Mills, said that the launch of Flour 1 is the result of strategic partnerships with local farmers and reflects the company's focus on self-sufficiency and sustainability in the food sector. He added that OFM continues to implement plans aimed at expanding both locally and regionally, through high-quality food products that rely on Omani resources. The company also reaffirmed its dedication to innovation and food security in the Sultanate, as well as its ambition to expand its presence in domestic and international markets. OFM is confident that its strong commitment to sustainability and operational efficiency will drive long-term value creation and growth. Halima bint Mubarak Al Kalbania, responsible for marketing the company's Al-Bur flour, described Flour 1 as a comprehensive strategic marketing experience aimed at reconnecting consumers with local products. 'This project tells a story of pride and authenticity,' she said, noting that the company had studied consumer behaviour and rising interest in locally made goods. This research informed a new brand identity built around the message 'From our land… to your table', with a slogan that reflects the company's values: 'Goodness grows in our farms.' She added that the company developed a multi-channel promotional campaign that includes digital content across social media platforms, collaborations with local influencers, and prominent product displays in retail outlets. OFM has also rolled out interactive field activities to introduce consumers to the features of the new flour through live demonstrations and recipes. The campaign aims to build an emotional connection with consumers, centred on key values such as quality, local support and food security. As part of the launch, OFM organised promotional visits to key institutions including the Muscat Stock Exchange and Oman Arab Bank. The initiative further reflects the company's commitment to maximising local value by incorporating Omani wheat into the production of Flour 1, supporting resource utilisation and enhancing the sustainability of the local supply chain. The initiative marks a practical step towards national food security and the empowerment of Oman's agricultural sector. © Muscat Media Group Provided by SyndiGate Media Inc. (
Times of Oman
14-07-2025
- Business
- Times of Oman
Oman Flour Mills invests more than OMR6mn in local wheat procurement
Muscat: Oman Flour Mills Company (OFM) has invested more than OMR6 million in the procurement of locally grown wheat between 2021 and 2024. The initiative, implemented in collaboration with the Ministry of Agriculture, Fisheries and Water Resources, has benefited more than 150 Omani farmers. This investment supports the company's broader strategy to promote in-country value and strengthen the national food security system by building supply chains based on domestic agricultural production. As part of these efforts, OFM has unveiled a new product, 'Flour 1', the first flour made entirely from Omani wheat. The launch underscores the company's commitment to supporting local agriculture and developing value-added food industries. Commenting on the milestone, . Haitham bin Mohammed Al Fannah, CEO of Oman Flour Mills, said that the launch of Flour 1 is the result of strategic partnerships with local farmers and reflects the company's focus on self-sufficiency and sustainability in the food sector. He added that OFM continues to implement plans aimed at expanding both locally and regionally, through high-quality food products that rely on Omani resources. The company also reaffirmed its dedication to innovation and food security in the Sultanate, as well as its ambition to expand its presence in domestic and international markets. OFM is confident that its strong commitment to sustainability and operational efficiency will drive long-term value creation and growth. Halima bint Mubarak Al Kalbania, responsible for marketing the company's Al-Bur flour, described Flour 1 as a comprehensive strategic marketing experience aimed at reconnecting consumers with local products. 'This project tells a story of pride and authenticity,' she said, noting that the company had studied consumer behaviour and rising interest in locally made goods. This research informed a new brand identity built around the message 'From our land… to your table', with a slogan that reflects the company's values: 'Goodness grows in our farms.' She added that the company developed a multi-channel promotional campaign that includes digital content across social media platforms, collaborations with local influencers, and prominent product displays in retail outlets. OFM has also rolled out interactive field activities to introduce consumers to the features of the new flour through live demonstrations and recipes. The campaign aims to build an emotional connection with consumers, centred on key values such as quality, local support and food security. As part of the launch, OFM organised promotional visits to key institutions including the Muscat Stock Exchange and Oman Arab Bank. The initiative further reflects the company's commitment to maximising local value by incorporating Omani wheat into the production of Flour 1, supporting resource utilisation and enhancing the sustainability of the local supply chain. The initiative marks a practical step towards national food security and the empowerment of Oman's agricultural sector.
Zawya
24-06-2025
- Business
- Zawya
Oman: Salalah Mills signs deal to import 110,000t of Russian wheat
Salalah – Salalah Mills Company has signed an agreement to import 110,000 tonnes of Russian wheat, with shipments scheduled to arrive in July and August 2025. The move is part of the company's strategy to enhance Oman's wheat reserves amid shifting regional dynamics and to meet needs of the local market. Ahmed bin Amer al Shanfari, Acting CEO of Salalah Mills, said the agreement is aligned with the company's procurement plan for the second half of 2025, reflecting its commitment to maintaining food supply stability across the sultanate. 'Salalah Mills remains focused on supporting national food security objectives by ensuring a consistent supply of high-quality wheat,' he said. Salalah Mills is one of Oman's leading flour producers, operating a plant with production capacity of 1,500 tonnes per day. The company's storage facilities can accommodate more than 200,000 tonnes of grain, reinforcing its position as a key player in the country's food supply chain. Meanwhile, farmers across Oman have started harvesting this season's wheat crop, with officials projecting total production from four key governorates to exceed 7,700 tonnes. Ministry of Agriculture, Fisheries and Water Resources, in cooperation with the Agricultural and Fisheries Development Fund, supplied 30 tonnes of wheat seeds at 50% subsidy for the 2024-2025 season. Harvesting machinery has also been provided free of charge, while Oman Flour Mills Company is managing the collection process from farmers. © Apex Press and Publishing Provided by SyndiGate Media Inc. (
Zawya
19-06-2025
- Business
- Zawya
Oman: Boosting egg production amid growing demand
MUSCAT - Oman Flour Mills, through its subsidiary Arabian Food Production, is producing an impressive 500 million eggs annually and has announced plans to expand output by 15 per cent over the next two years. According to Dr Suheel Ahmed, CEO of Arabian Food Production, this strategic expansion aligns with the Sultanate of Oman's drive towards food security and self-sufficiency. 'We are committed to strengthening our contribution to the local market while maintaining a robust export base,' he said, adding that Oman reached 102 per cent self-sufficiency in egg production in 2024. Currently, 25 per cent of the company's egg production is exported to neighbouring countries including the UAE, Qatar, Bahrain, and Kuwait. However, seasonal shifts in consumption continue to pose a challenge. 'Demand typically dips in summer, during school holidays, and throughout Ramadan. While our production cycle can't adapt to these fluctuations, we manage the surplus by expanding our regional distribution network,' Dr Ahmed explained. To ensure top-quality production, the company has invested heavily in advanced technologies at its new farm. Modern equipment minimises human contact, reduces labour costs, and ensures precise control over environmental conditions such as temperature and humidity. 'Our automated systems collect, grade and package over 1.3 million eggs daily, enhancing hygiene and reducing breakage,' he said. Beyond productivity gains, sustainability is also a core focus. The company has introduced energy- and water-efficient systems and ensures all poultry waste is treated on-site to reduce environmental impact. Additionally, culled birds are processed into poultry meal and fat, which are supplied to other industries such as pet food manufacturing. Dr Ahmed emphasised that maintaining high standards would not be possible without strong international partnerships. Arabian Food Production sources its birds from the German Lohmann breed and collaborates with leading global machinery manufacturers. Japanese firm ISE Foods, a key shareholder, also provides technical expertise to support ongoing improvements.
