Oman Flour Mills Plans Major Expansion and Acquisitions to Boost Food Security
Deal News | Apr 26, 2025 | EIN
Oman Flour Mills Company, led by CEO Haitham bin Mohammed Al Fannah, is actively pursuing a bold strategy to underpin food security in Oman through significant expansions and acquisitions. The company purchased a 50,000 square meter plot to expand their storage and logistics operations near their current facilities in Muscat. Additionally, their operational contract at Sultan Qaboos Port has been extended by another 50 years, underscoring its long-term commitment. As part of a five-year strategic plan, the firm is evaluating new acquisition opportunities that align with their business goals. Despite challenges, Oman Flour Mills reported strong financial performance with revenues climbing to RO 128.8 million and a robust improvement in gross profit margin thanks to cost-effective measures.
Sectors
- Agriculture and Food
- Logistics and Supply Chain
Geography
- Oman – The article focuses on Oman Flour Mills' activities within the Sultanate of Oman, including its operations at Sultan Qaboos Port.
Industry
- Agriculture and Food – Involves Oman Flour Mills' focus on expanding its operations to ensure food security, which directly ties to the agriculture and food sector.
- Logistics and Supply Chain – The acquisition of additional land for storage expansion and logistics operations is relevant to the logistics and supply chain industry.
Financials
- RO 128.8 million – Group revenue for Oman Flour Mills for the fiscal year ending December 2024.
- RO 109.35 million – Revenues recorded by Oman Flour Mills Company, up from RO 102.68 million in 2023.
- RO 18.63 million – Gross profit achieved in the fiscal year, representing a 68.8% growth year-on-year.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Oman Flour Mills Company | Target Company | Company | A leading company in Oman focused on food security through expansion and acquisitions. |
| Haitham bin Mohammed Al Fannah | CEO | Person | CEO of Oman Flour Mills, leading the company’s strategic growth and food security initiatives. |