Mubasher: Oman Euro Foods Industries’ extraordinary general meeting (EGM) decided on Sunday to undo the liquidation decision of the company and receive support from Oman and Emirates Investment Holding, a major investor which owns a major stake of 80.84% in the company.
The EGM discussed the company’s current situation and a letter by Oman and Emirates Investment Holding offering support for the company and all of its operations through 2016.
Oman Euro Foods’ losses worsened in 2015 by 26.3% to OMR 407,000 ($1.05 million).
