Dhofar Food & Investment SAOG (MSM:DFIN) agreed to acquire additional 38.46% stake in Omani Gulf Food Company LLC from Dhofar Insurance Company SAOG (MSM:DICS) for OMR 5.2 million on February 20, 2023. Dhofar Food & Investment will issue shares as a consideration. As of May 29, 2023, the transaction was approved by the Board of Directors of Dhofar Insurance Company.