07 May 2008
MUSCAT -- Oman & Emirates Investment Holding Co SAOG (OEIHC) has announced that it has enhanced its equity stake from 17.5 per cent to 20 per cent in Horizon Technologies Co FZE (HTC), which is setting up a production facility at Fujairah Free Trade Zone for the manufacture of PET pellets and sheets by converting recycled PET containers.

As a result of this increase, HTC has become an associate company of OEIHC. This investment has been made in line with the company's strategy to strengthen the long term investment base of OEIHC, its CEO Awad Mohammed Faraj Bamkhalef, said in a statement to the Muscat Securities Market (MSM).

© Oman Daily Observer 2008