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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 |
|---|
| Ticker | Price | Change |
|---|---|---|
| ALPHADHABI | 9.78 | -0.26 (-2.59 |
| IQCD | 12.30 | 0.30 (2.50 |
| MODON | 3.33 | -0.09 (-2.64 |
| ADNOCLS | 5.53 | -0.03 (-0.54 |
| ADPORTS | 4.41 | -0.15 (-3.29 |
26/11/2025
AI is driving generational opportunity across every industry, society, and economy - but at the crux of this global transformation is the crucial relationship between AI and energy, Aramco's Executiv
Arab News
26/11/2025
Efsim Facilities Management Company, a leading provider of integrated facilities management (IFM) services across the Kingdom of Saudi Arabia, today (November 25) announced its intention to proceed w
Trade Arabia
26/11/2025
GFH Partners, a Dubai International Financial Center (DIFC) headquartered investment manager and the global real estate investment arm of GFH Financial Group, has acquired a majority stake in Devmark
Trade Arabia
25/11/2025
Taqa Energy Services, a subsidiary of Abu Dhabi National Energy Company (Taqa), has signed an agreement with Sdeira Group, a subsidiary of AD Ports Group, to implement one of the emirate's largest bu
Trade Arabia
25/11/2025
Saudi Real Estate Company (Al Akaria) has announced the signing of a framework agreement with Expo 2030 Riyadh Company to execute the early works for the Expo 2030 Riyadh project.
The contra
Trade Arabia
Financial Information Co.
Saudi Arabia