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UAE Firm Buys 60% Stake In Oman Tuna Canner

Dubai-based conglomerate ANC Holdings LLC has bought a 60% majority stake in Dhofar Fisheries Industries Company, a regional leader in the processing and canning of tuna and sardines, based in Salalah, Oman.

The new acquisition will see ANC Holdings, and its foods division Freshly Frozen Foods, take over management control of Dhofar Fisheries from the company’s other main shareholder Oman & Emirates Investment Holding Company, a joint venture between the Governments of the Sultanate of Oman and the UAE together with other founder shareholders from both countries.