Omzest to sell 50% stake in Sadolin Paints Oman to AkzoNobel
05/11/2013 12:00 am EDT

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Omar Zawawi Establishment (Omzest), promoter of Sadolin Paints in Oman, has signed a joint venture agreement with AkzoNobel to sell a 50% stake and management control of Sadolin Paints Oman, Muscat Daily has reported. The deal will expand the presence of the Dutch firm in the Middle East and will involve the manufacture and sale of decorative paints and performance coatings in the sultanate.

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