- AMJ acts for Khimji Ramdas Group in sale of Khimji Paints LLC
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AMJ has acted as legal advisor to the Khimji Ramdas Group in the successful completion of the sale of 100% shares in Khimji Paints LLC to the Hempel Group for a value of approximately R.O. 2.83 million.
Khimji Paints is one of Oman’s leading paint companies and was originally set-up as Khimji Permoglaze (Oman) LLC with its maiden venture in paint manufacturing. The Permoglaze brand was the first paint brand to be imported into the Sultanate by the Khimji Ramdas Group in 1960s.
As part of the deal, the Khimji Ramdas Group will continue to provide support services to Khimji Paints until the company completes its transition to its new management.
The deal was successfully completed by AMJ’s Commercial team comprising of Mansoor J. Malik, Senior Partner and Zarrar Mir, Associate.