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Muscat Gases sells entire 30 per cent stake in UIGC

4 Oct 2020

Muscat Gases Company is selling its entire 30 per cent stake in United Industrial Gases Company (UIGC) to Mohsin Haider Darwish Investment LLC.

In an extraordinary general meeting (EGM) on Wednesday, Muscat Gases Company’s shareholders approved the sale of the company’s entire 30 per cent shareholding in United Industrial Gases Company to Mohsin Haider Darwish Investment LLC for an amount of RO2.05mn, according to a disclosure submitted to the Muscat Securities Market.

Muscat Gases Company’s EGM on Wednesday also approved the cancellation of the resolution of the previous EGM (held on July 9) to sell the company’s 30 per cent shareholding in United Industrial Gases, at an amount of RO2.05mn, to Air Product Leasing BV.

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