Mubasher: Oman Chromite expected its losses resulted from investing in Al Batinah Quarries Company to reached OMR 131,640.

The company said that Al Batinah Quarries’ market value is OMR 495,000 and its fair value is OMR 424,140, according to a bourse filing.

Oman Chromite’s share from creditors and suppliers is forecasted to amount to OMR 195,502, while liabilities and losses is expected to reach OMR 327,140 during the year.