TRADE-
Invictus secures controlling stake in Graderco: UAE food and beverage giant Ghitha’s trading subsidiary, Invictus Investment, has completed its acquisition of a 60% stake in Zalar Holding's interests in Moroccan agriculture trading company Graderco and all its affiliated subsidiaries, according to a company disclosure to the ADX (pdf). The move aims to bolster the firm’s footprint in key African markets by leveraging its global network, trading expertise, and risk management capabilities.
OTHER STORIES WORTH KNOWING THIS MORNING-
- Oman invites tender for road rehab: Oman has announced a tender to rebuild the road connecting Al Hazm and Al Washil in Rustaq. No deadline for the tender or timeline for the project have been announced. (Statement)
- Oman’s Madayn introduces new customs services: Oman’s Public Establishment for Industrial Estates (Madayn) has inked an agreement with Al Munasiq customs services company to improve added value for investors in Madayn industrial cities with the addition of 11 new customs services in industrial cities. (ONA)