Raysut Cement Co's operation impacted in 3Q24 amid oversupply
The Board of Directors of Raysut Cement Co of Oman has recently released the group's unaudited financial results for the third quarter ended 30 September 2024. Raysut Cement Co ...
Oman
197 posts · Page 3 of 20
Raysut Cement expands production capacity to align with Oman Vision 2040
Raysut Cement is expanding its production capacity to support Oman Vision 2040 and meet increasing regional demands. The Sohar Cement Factory, capable of producing 5000tpd, has ...
Raysut Cement 1H loss widens
Oman-based Raysut Cement posted a total revenue of OMR31.6m (US$82.1m) in the first half of 2024, representing a 5.7 per cent decline when compared with OMR33.5m in the year-ago...
Oman Cement Co envisages a series of upgrade plans
Oman Cement ’s decision to set up a new cement plant at Duqm with a capacity of 5000tpd clinker remains under consideration. Simultaneously, the company is upgrading its capacit...
Prospects for the GCC industry Premium
The Gulf Cooperation Council (GCC) economy has come under pressure from falling oil revenues, but economic diversification is paying off. Moving into 2024, cement market growth ...
Oman Cement’s profits swell
In the first nine months of 2023, Oman Cement Co (SAOG) ( Hauxin Cement Group ) earned profit after tax of OMR7.355m (US$19.1m), compared to OMR4.638m in the corresponding perio...
Oman and UAE sign agreement on limestone exports
Oman and the Etihad Rail Co(OERC) have signed an agreement with Emirates Steel Arkan to facilitate the export of raw limestone from Oman to the UAE. According to Gulf News Repor...
Raysut Cement appoint a new CEO
Raysut Cement Co has appointed Mr Tarek Talaat as its new CEO. Mr Talaat has 30 years of experience in the cement sector. He has worked at several leading companies in his caree...
Oman Cement Co sees net profits rise 32% in 1H23
Oman Cement Co , which is listed on the Muscat Stock Exchange, has achieved a 32.02 per cent increase in net profit for the first half of 2023. According Oman Cement’s financial...
Abra Holdings offers to raise its controlling stake in Oman Cement
Abra Holdings Ltd (Abra) of Mauritius ( Huaxin Cement Group ) has announced a public offer to acquire an additional 15.42 per cent of the issued share capital of the Oman Cement...