Al Hassan Engineering Company SAOG (HECI.OM)

Also known as:  AHEC, Al Hassan

Al Hassan takes new initiatives to strengthen balance sheet

Muscat: Al Hassan Engineering's board has decided to take a series of new steps, including sale of land, efforts to recover additional cost and recapitalisation of Abu Dhabi subsidiary, to improve its financial position and strengthen balance sheet.In order to offset Al Hassan Engineering's loss, the company and the major shareholders are expected to enter into a sale and purchase agreement for a

Times of Oman - 15-Feb-2016

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