Gulf International Services  has agreed to buy Qatar Petroleum's fully-owned subsidiary Amwaj Catering Services for a provisional price of 353.1 million riyals ($96.98 million).

"The price is subject to an adjustment if there is a working capital balance on the day the deal is closed," according to a statement on the Doha bourse on Sunday.

Gulf International has interests in several sectors, including transport, insurance and oil services. - Reuters