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Majan Glass Company Saog (Oman)

Main Activities: Glass Container Manufacturing
Full name: Majan Glass Company Saog Profile Updated: March 12, 2024
Buy our report for this company USD 29.95 Most recent financial data: 2023 Available in: English Download a sample report

Majan Glass Company SAOG, located in Sohar, was established in 1997 to meet the growing demand for glass containers in Oman, the GCC, and globally. The company started commercial production in the same year and is publicly listed on the Muscat Security Market. With a capacity to produce 250 MT per day of glass, Majan Glass Company has two furnaces, five production lines, and modern equipment supplied by renowned manufacturers. The company produces glass containers and jars for soft drinks, food, and beverages, catering to the needs of the Sultanate and exporting to other countries in the Middle East, Far East, and GCC region. Since implementing a restructuring plan in 2005, the company has turned around its performance and has been making net operational profits since 2004. Majan Glass Company prioritizes quality and has received certifications for ISO 9001:2008 Quality Management Systems and ISO 22000:2005 Food Safety Management Systems. The company is also an approved supplier of empty glass containers to Pepsi Cola International and Coca Cola International worldwide. Managed by experienced professionals, the company emphasizes the recruitment and training of Omani citizens, with 36% of its workforce being Omani employees.

Headquarters
Sohar Industrial Estate, P.O Box 17
Sohar; Al Batinah North; Postal Code: 327

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Website: http://www.majanglass.com

Basic Information
Total Employees:
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Outstanding Shares:
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Financial Auditors:
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Incorporation Date:
1995
Key Executives
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Chairperson
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Director / Member of the Management Board
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Director / Member of the Management Board
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Director / Member of the Management Board
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Director / Member of the Management Board
Ownership Details
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75.26%
Company Performance
Financial values in the chart are available after Majan Glass Company Saog report is purchased.
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Key Financial Highlights
Annual growth percentages for latest two years in local currency OMR. Absolute financial data is included in the purchased report.
Net sales revenue
-5.86%
Total operating revenue
-2.6%
Operating profit (EBIT)
N/A
EBITDA
42.97%
Net Profit (Loss) for the Period
24.06%
Total assets
12.36%
Total equity
-65.38%
Operating Profit Margin (ROS)
N/A
Net Profit Margin
1.46%
Return on Equity (ROE)
-102.79%
Debt to Equity Ratio
635.19%
Quick Ratio
-0.05%
Cash Ratio
-0%

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