Raysut Cement Co appoints new acting CEO
Raysut Cement Co (RCC) has named Raashid Ali as the Acting Chief Executive Officer, effective 1 October 2025 for a period of three months. Mr. Raashid brings extensive expertise...
Raysut Cement Co
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Mixed 1H results for Omani cement companies
Huaxin Cement -owned Oman Cement Co has posted a total revenue of OMR34m (US$0.396m) in the first half of 2025, showing little change from the 1H24, when total revenue reached O...
Raysut Cement incurs further losses
Oman-based Raysut Cement Co reported financial losses for 1Q25, according to financial results published on the Muscat Stock Exchange website on 15 April. The group’s consolidat...
Raysut Cement sees net loss contract in 1H21
Oman’s Raysut Cement Co has seen its net loss after tax contract to OMR3.2m (US$8.3m) in the first half of 2021, compared to OMR10.9m in the same period of last year. Total reve...
Raysut Cement announces 5% rise in revenue
Oman’s Raysut Cement Co has reported a five per cent increase in total revenue to OMR26.9m (US$69.95m) in the first quarter of 2021, compared to OMR25.6m in the year-ago period....
Raysut Cement acquires 75% stake in Maldives terminal
Oman’s Raysut Cement Co has announced that its has acquired a 75 per cent stake in LafargeHolcim’s cement terminal at Thilafushi Island in the Maldives. As a result, it has form...
Raysut Cement records surge in profit for 2019
Oman’s Raysut Cement Co has seen a 1156.9 per cent surge in profit to OMR4.3m (US$11.2m) in its unaudited results for 2019, compared to OMR343,652 in the previous year. However,...
Raysut Cement sees 9% decline in revenue for 9M19
Oman’s Raysut Cement Co has announced an 8.5 per cent fall in total revenue to OMR62.13m (US$161.58m) in the nine months ended 30 September 2019, compared with OMR67.89m in the ...
Raysut Cement set to begin construction of new plant in Georgia
UAE-based Pioneer Cement (Raysut Cement Co) is currently finalising arrangements for its greenfield 1.2Mta project to be located near Tbilisi, Georgia. Pioneer Cement owns conce...
Raysut Cement signs Duqm plant deals
Omani cement producer Raysut Cement Co, has signed a land lease and Port of Terminal services agreements with Port of Duqm Co for the construction of its US$30m grinding unit. C...