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MUSCAT: Oman Fisheries Firm (OFC) at this time signed a memorandum of understanding (MoU) with Gulf Japan Meals Fund (GJFF), enabling the latter to enter as an investor within the agency’s capital by buying 31.4% of OFC’s capital to the tune of $10 million.
This partnership will deal with enhancing fish business, using the fund’s world experience in personal fairness and incomes the help of main Japanese establishments and GCC sovereign traders.
The MoU figures among the many endeavours of Oman Fisheries Firm to develop into one of many world’s main corporations in fish merchandise, bolster investments within the fisheries sector and increase added worth in accordance with worldwide requirements.
The MoU was signed by Sulaiman bin Shutait Al Ghanami, CEO of Oman Fisheries Firm and Hitoshi Sugiura of GJFF.
The partnership will empower Oman Fisheries Firm to consolidate its long-term success, profit from the Fund’s community and buyer base, whereas on the identical time honing its fishery industries and resuming business fishing in a sustainable and worthwhile method.
Haitham Mohammed Al Fannah, Board Chairman of Oman Fisheries Firm, mentioned that the MoU assumes nice significance for the fisheries sector within the Sultanate of Oman and permits the corporate’s merchandise to entry new markets.
Al Fannah added that the corporate will faucet new methods and provide you with good merchandise able to assembly the wants of goal markets.
On his flip, Shutait mentioned that the partnership will rework the corporate to the sphere of worldwide corporations and can cowl a large spectrum of alternatives within the home and worldwide arenas, apart from localizing human and using professional human sources.
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