Raysut Cement to raise capital

Raysut Cement to raise capital
Published: 31 May 2005

Oman’s cement producer Raysut Cement Co will increase its capital to 20 mln Omani rials ($51.9m) from 15 mln rials ($39m) it was reported on May 26, 2005.  The increase will be carried out via a rights issue of 5.0 million shares at a par value of 1.0 rial ($2.6) and a premium of 2.0 rials ($5.19). The rights issue has already received the approval of the country’s market regulator Capital Market Authority (CMA).