Oman Cement seeks Brazilian investors for new plant
Oman Cement Co (OCC) visited Brazil to seek partners for a new cement plant in Duqm, an industrial and port free trade zone in Oman. The company’s Chairman, Abdullah Abbas Ahmed...
Oman
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Raysut shareholders agree to sell Oman Portuguese Cement Products
Raysut Cement shareholders have approved a proposal to sell Oman Portuguese Cement Products Co to Opal Development.
Raysut to hold EGM on Oman Portuguese Cement Products sale
Raysut Cement has invited its shareholders to attend an extraordinary general meeting (EGM) to discuss and approve the sale of Raysut Cement’s entire share in Oman Portuguese Ce...
Raysut receives offer for its share in Oman Portuguese Cement Products
Raysut Cement has received an offer for its share in Oman Portuguese Cement Products from a local company, the producer disclosed in a filing to the Muscat Securities Market on ...
Al Anwar signs greenfield investment plan
Omani private equity firm Al Anwar Holdings has entered into a shareholders' agreement with Hormozgan Cement Co of Iran to establish Hormuz Al Anwar Cement SAOC for the construc...
Oman: Raysut Cement gross profit falls 39% in 1Q17
Raysut Cement posted a 38.7 per cent decline in gross profits in 1Q17 as profits reached OMR6.29m (US$16.3m), down from OMR10.26m in 1Q16, according to the company’s statement t...
Oman Cement annual profit up 10% as production rises
Oman Cement has announced that its profits rose by 10 per cent in 2016, to OMR12.87m (US$33.4m). During 2016, Oman brought a fifth cement mill online, which has helped the compa...
Oman: Raysut Cement net profits rise in 2016
Raysut Cement has reported a 1.02 per cent growth in net profits of OMR21.17m (US$54.98m) for 2016, against OMR20.95m reached in 2015.
Oman: Raysut Cement CEO quits
Raysut Cement Company announced yesterday that its CEO, Salem bin Alawi Mohammed Baabood, has resigned. The Board of Directors accepted Mr Baabood’s resignation at a meeting on ...
Raysut: Barwaaqo Cement makes steady progress
Raysut Cement’s cement plant project in Berbera, Somaliland, is progressing well, according to company sources.