Ali bin Abdullah Bin Ali Al-Badi, a related party and exisitng shareholder of Al Batinah Quarries, signed a memorandum of understanding to acquire 45% stake in Al Batinah Quarries LLC from Oman Chromite Company SAOG (MSM:OCCI) for OMR 0.40 million on October 12, 2017. The deal was subject to approval from the shareholders. As of November 16, 2017, shareholders have approved the deal. Ali bin Abdullah Bin Ali Al-Badi, a related party and exisitng shareholder of Al Batinah Quarries, cancelled the acquisition of 45% stake in Al Batinah Quarries LLC from Oman Chromite Company SAOG (MSM:OCCI) on October 12, 2018.