Oman Cement appoints Zhu Yaping as new CEO
Oman Cement Co ’s board of directors has approved the appointment of Zhu Yaping as the company’s new CEO with immediate effect. He succeeds Salim Abdullah al Hajri, who retired ...
Oman
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Oman Cement sales advance in 1Q23
Oman Cement Co has reported sales of OMR19.5m (US$50.65m) in the opening quarter of 2023, ending 31 March 2023. This compares to OMR16.96m in the same period a year earlier. Net...
Huaxin acquires majority stake in Oman Cement
Oman Cement Company SAOG has confirmed the successful completion of a share purchase agreement between The Investment Authority Company SPC (representing the government’s stake ...
Oman Investment Authority starts sale of Oman Cement Co to Huaxin
The Oman Investment Authority (OIA) has started the process for divesting its majority stake in Oman Cement Co. Ibrahim bin Said al Eisari, director general of private ownership...
GCC cement: set for a revival? Premium
With oil prices expected to remain elevated, GCC governments are easing their budgets and restarting construction projects. For cement producers this is good news and the sector...
UltraTech Cement to acquire majority share in Duqm Cement Project
UltraTech Cement Middle East Investments Ltd, (UCMEIL) a wholly owned subsidiary of the company in UAE, has released a statement signifying that it has entered into a share sale...
CMA suspends trading of shares in Raysut Cement
The Capital Market Authority (CMA) has suspended the trading of shares in Oman-based Raysut Cement SAOG after material misrepresentations were spotted in the company’s unaudited...
Oman Cement commissions WTE plant
As part of efforts to reduce its reliance on natural gas, Oman Cement plans to commission a waste-to-energy (WTE) plant, using shredded scrap tyres. The plant is expected to be ...
Oman takes measures to meet shortfall in cement demand
The Ministry of Commerce, Industry and Investment Promotion held a joint meeting in Muscat on 22 March 2022 with departments concerned and related companies to discuss cement sh...
Oman Cement Co reports OMR4.447m net profit
Oman Cement Co posted a net profit of OMR4.447m (US$11.57m) for 2021, representing a growth in its commercial activities despite the economic impact of COVID-19. Eng Salem Bin A...