Company Insights Raysut Cement Industry Raysut Cement Overview Raysut Cement is Oman’s largest cement manufacturer. It supplies cement to domestic and export markets including Yemen, Somalia, Mauritius, Qatar, Iraq, Tanzania and Sudan from its main production facility in Salalah. According to the World Cement Association, the company has a total annual production capacity of 7.1 million tonnes. In February 2025 Raysut Cement signed a memorandum of cooperation with Oman Environmental Services Holding Company and Germany-based MVW Lechtenberg to explore the feasibility of producing refuse-derived fuels. Abu Dhabi Fund for Development holds a 15 percent stake, Islamic Development Bank holds 11.71 percent and Oman Investment Authority has a 7.32 percent stake. Subsidiaries include Pioneer Cement Industries, Sohar Cement Factory, Raysut Maldives Cement and Raysut Cement Trading Madagascar. Raysut Cement News Construction Raysut Cement faces court over ‘misrepresentation’ An Omani investigation into a “material misrepresentation” in the accounts of Raysut Cement Company is set to go to court. The probe by financial regulator, the Capital Market Authority, related to the company’s unaudited financial reports for the third quarter of 2022. In a filing to the Muscat Securities Exchange, Hamdan Al Shaqsy, chairman of […] October 18, 2023 Posts navigation
Construction Raysut Cement faces court over ‘misrepresentation’ An Omani investigation into a “material misrepresentation” in the accounts of Raysut Cement Company is set to go to court. The probe by financial regulator, the Capital Market Authority, related to the company’s unaudited financial reports for the third quarter of 2022. In a filing to the Muscat Securities Exchange, Hamdan Al Shaqsy, chairman of […] October 18, 2023
