The company was established in 2016 with the aim of producing approximately 37,800 tons of red meat annually at international quality standards for the Omani and Gulf region markets. Furthermore, it aims to replace imported meat with that from local production sources and to create stability in the red meat market.
Sultanate of Oman
Capital is OMR25 million and shareholders are:
Oman Food Investment Holding Company (SAOC)
Oman National Investment Development Company (TANMIA)
Oman National Livestock Development Company (SAOC)
Civil Service Employees Pension Fund
The expected sales at maturity year are about OMR 74 million (USD 192 million)
The estimated market share is about 24% of total demand
Meat (cattle, sheep, goats)
Total investment costs estimated at OMR36.5 million (USD95.62 million), financed by equity of approximately OMR24.5 million (USD63.95 million) and loans of approximately OMR12 million (USD31.32 million).