Oman Cables Industry Says Awarded $32 Million in Cable Contracts

Monday, Aug 27, 2012

DUBAI (Zawya Dow Jones)--Oman Cables Industry said on Monday that it has been awarded orders for power cables worth about $32 million.

"The end consumers are renowned oil Companies in the region," Oman Cables said in a brief statement posted on the Muscat bourse website. "The cables are to be delivered over a period of next twelve months."

Shares of Oman Cables last traded 6.8% higher at OMR0.887 in a slightly negative overall market

-By Tim Falconer, Dow Jones Newswires; +9714 446-1690; tim.falconer@dowjones.com; Twitter: @ZDJnews

Copyright (c) 2012 Dow Jones & Co.

(END) Dow Jones Newswires

27-08-12 0721GMT