Cement News tagged under: RAK White Cement

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UltraTech acquires 29% stake in RAK White Cement

19 April 2022, Published under Cement News

UltraTech Cement Middle East Investments , part of UltraTech Cement in UAE, has invested US$101m to acquire a 29.39 per cent stake in RAK Cement Co for White Cement and Construction Materials PSC . RAK White Cement reported a turnover of INR4.825bn (US$63.2m) last year, up from INR4.46bn in 2020. The company is registered on the Abu Dhabi and Kuwait stock exchanges.

RAK White Cement sees revenue down 7%

17 March 2021, Published under Cement News

UAE-based RAK White Cement has seen a 34.6 per cent YoY decline in attributable net profit to AED12.69m (US$3.46m) in 2020, compared to AED19.41m in the previous year. Revenues declined 6.5 per cent YoY to AED221.19m from AED236.48m in 2019.

RAK White Cement announces 29% net profit rise

05 November 2019, Published under Cement News

UAE-based RAK White Cement saw its net profit increase 28.6 per cent to AED17.89m (US$4.8m) during the 9M19, compared to AED13.91m in the year-ago period. Sales advanced 5.9 per cent to AED180.16m in the first nine months of 2019 against AED170.08m in the 9M18.

RAK White Cement to pay dividends worth AED25m

23 March 2018, Published under Cement News

UAE-based RAK White Cement has approved the Board’s recommendation to distribute five per cent of capital as cash dividends for the FY17. The company will pay five fils per share to the entitled shareholders, amounting to a total of AED25m (US$6.81m). RAK’s preliminary financial results for the FY17 show a 27.6 per cent YoY fall in profits to AED30.42m, compared to AED42m of FY16. The company’s capital currently stands at AED500.16m, according to Mubasher.