Mubasher: Areej Vegetable Oils and Derivatives announced on Sunday that it intends to convert the company from a public joint stock company to a closed joint stock company.
Consequently, the majority shareholders submitted an offer to purchase the shares of the minority shareholders registered in the company's records until 27 July, 2016, and who own less than 5000 shares at a price of OMR 4.050 per share.
The company’s board of directors earlier decided to convert the company from a general Omani joint stock to a closed joint stock company.
