A’ Namaa Poultry signs RO 50 million Project Financing deal with Meethaq Islamic Banking
A’ Namaa Poultry Co. SAOC and Meethaq, the pioneer of Islamic banking in Oman from Bank Muscat, signed agreements to successfully conclude long-term financing facilities of RO50 Million to finance the biggest ‘Poultry Project’ of the Sultanate with a poultry meat producing capacity of 60,000 MT p.a., near Ibri, in Al Sawmahan Water catchment area. The Project will comprise of 240 poultry houses in addition to a Hatchery, Feed mill, Processing plant, Water treatment plant, other utilities and administration block.
Eng. Saleh Mohammed Al Shanfari, Chairman, A’ Namaa Poultry, and Sulaiman Al Harthy, Deputy- CEO Meethaq Islamic Banking, signed the financing agreement at a ceremony.