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- Bahrain All Share Index marks 1,965.48 points
- Gulf Bank wins prestigious 'Best Private Banking Customer Experience' Award
- NBK strengthens global engagement with participation in IMF, World Bank meetings
- NIC holds Ordinary General Assembly to elect new Board of Directors for upcoming term
- Burgan Bank successfully prices $500 million in international bonds
- Dhofar sees accelerated growth in commercial, industrial activities
- Ooredoo Group wins 1st place for AI-driven energy efficiency at 'GCC Sustainability Hackathon 2025'
- Barwa announces launch of new luxury brand 'Barwa Royal'; unveils 2nd phase of Barwa Hills in Lusail
- Qatar Stock Exchange closes lower by 93.50 points
- e& UAE, Open Innovation publish white paper on GenAI adoption
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 | 10.58 | 0.12 (1.14 |
| IQCD | 12.50 | -0.11 (-0.88 |
| ADNOCLS | 5.94 | 0.04 (0.67 |
| ADPORTS | 4.05 | -0.06 (-1.46 |
| NMDC | 22.20 | -0.10 (-0.45 |
13/10/2025
Dubizzle Group's upcoming IPO could mark a turning point for one of the region's most recognized digital marketplace operators.
The company plans to sell 1.25 billion shares, equal to 30.34
Gulfnews
13/10/2025
In a new achievement added to its impressive track record, Gulf Bank has won the "Best Private Banking Customer Experience" award at the 2025 Private Banker International (PBI) Global Wealth Awards,
Kuwait Times
13/10/2025
The National Investments Company (NIC) held its Ordinary General Assembly meeting on Thursday, October 9, 2025, at the company's headquarters in Khaleejia Tower, with an attendance rate of 74.202 per
Kuwait Times
13/10/2025
In a strategic move that reflects global investors' trust, Burgan Bank KPSC has successfully priced its $500 million five-year senior unsecured international bond, with a spread of 115 basis points a
Kuwait Times
13/10/2025
Ooredoo Group has won first place in the energy efficiency category at the 'GCC Sustainability Hackathon 2025', cementing its leadership in using AI to drive greener, more efficient digital infrastru
Gulf Times
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