Ali bin Abdullah Bin Ali Al-Badi signed a memorandum of understanding to acquire 45% stake in Al Batinah Quarries LLC from Oman Chromite Company SAOG for OMR 0.40 million.

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.