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27/07/2017 08:07 AST
Raysut Cement said its shareholders have approved a proposal to sell Oman Portuguese Cement Products Co. to Opal Development Co.
The decision was taken at an extraordinary general meeting of the company held on July 25, Raysut Cement said in a disclosure statement posted on the Muscat Securities Market (MSM) website.
Meanwhile, earlier this month, Raysut Cement had announced that its net profit for the first six months of 2017 fell 64.19 per cent to OMR4.62 million from OMR12.91 million for the same period of last year.
The company's turnover also declined by 25.08 per cent to OMR37.41 million from OMR49.93 million, while cost of sales fell 14.58 per cent to OMR27.32 million, Raysut Cement said in a disclosure statement posted on MSM website.
Raysut Cement's earnings per share by end-June 2017 were at 23 baisas, slipping from 65 baisas for the same period of last year.
Times of Oman
27/03/2018
Raysut Cement Company, the regional leader and largest producer of cement in Oman, recently inaugurated its new state of the art fully automatic packing machine.
The new packer, installed
Times of Oman
28/02/2017
Raysut Cement Company, the Sultanate's biggest cement producer, on Monday proposed a cash dividend of 65 per cent for 2016. A year earlier, it had paid 50 per cent dividend. The board's recommendatio
Times of Oman
16/01/2017
Oman's Raysut Cement reported a 11.9 per cent decrease in fourth-quarter net profit on Sunday, according to Reuters calculations. Net profit rested at 4.53 million riyals (Dh43.3 million, $11.78 mill
Gulfnews
| Ticker | Price | Volume |
|---|---|---|
| QIGD | 1.46 | 715,511 |
| JOUFCEMENT | 10.38 | 213,145 |
| DALLAHHEALTH | 160.40 | 59,789 |
| ACC | 24.60 | 156,722 |
| QNBK | 17.70 | 2,498,624 |
| QIC | 1.20 | 0 |
| GMPC | 1.85 | 7,629 |
| Ticker | Price | Change |
|---|---|---|
| ALPHADHABI | 12.04 | 0.10 (0.83 |
| IQCD | 13.30 | 0.09 (0.68 |
| ADNOCLS | 5.40 | 0.01 (0.18 |
| MPHC | 1.63 | 0.00 (-0.13 |
| QEWS | 15.80 | -0.06 (-0.38 |
13/01/2025
Aldar Properties, Abu Dhabi's biggest listed developer, has raised Dh9 billion ($2.45 billion) in a sustainability-linked revolving credit facility from a syndicate of 15 UAE-based and international
The National
12/01/2025
Ooredoo announced on Sunday the appointment of Sheikh Nasser bin Hamad al-Thani as the new chairman of Ooredoo Kuwait.
Most recently, Sheikh Nasser was appointed as Group Regional CEO for th
11/01/2025
One of the fastest-growing logistics businesses in Mena region, GWC has marked "20 years of excellence and innovation", achieved significant milestones and won prestigious awards, solidifying its pos
Gulf Times
11/01/2025
Almarai, the world's largest vertically integrated dairy company and the world's fourth most valuable dairy brand in 2024, has successfully implemented RISE with SAP on Google Cloud. This milestone m
Saudi Gazette
05/01/2025
Elm, a pioneer in digital solutions, enhanced its brand identity, reflecting the company's ambitious and prominent objective. Leveraging comprehensive knowledge, a forward-thinking mindset, and a pro
Financial Information Co.