Oman Flour Mills Co. (SAOG) ranked as the number one on the OER (Oman Economic Review) – United Securities survey on the Fastest Growing Mid Cap Companies in the Sultanate of Oman.
OER’s December 2008 issue’s cover story draws up a list of the Fastest Growing Mid Cap Companies (market capitalization of 10-100mn) in Oman based on the their revenue growth, profits and shareholder’s returns from 2005 - 2007. Oman Flour Mills Co. is right at the top of the list with its vision to provide enhanced shareholder returns through a business strategy focused on customer loyalty. This has borne rich dividends to its shareholders; the company’s revenue has grown 27% and profitability at a whopping 87.20%.
The constant drive to launch new and value added products has propelled growth at Oman Flour Mills Co. The company has developed more than 20 varieties of flour for a host of products including bread. Brands “Dahabi” (flour products) and “Barakat” (feed products) are extremely popular in the market. Established in 1977, Oman Flour Mills has grown not only in stature but also in credibility, which have helped it gain an exceptional market share in the Arabian Gulf, in addition to developing exports to Africa, the CIS and the Far East.
