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News Raysut Cement preparing to buy Sohar Cement

Raysut Cement preparing to buy Sohar Cement

Written by Global Cement staff 26 February 2019
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Oman: Raysut Cement has signed a letter of intent with the shareholders of Sohar Cement to buy all of its shares. The terms of the acquisition are being discussed, according to the Oman Daily Observer newspaper. Sohar Cement runs a 240t/hr grinding plant at the Suhar Industrial Estate. Sohar Cement holds a 70% stake in the business, with UAE-based Fujairah Cement Company owning the remaining share.

Last modified on 27 February 2019
Published in Global Cement News
Tagged under
  • Oman
  • Raysut Cement
  • Acquisition
  • Sohar Cement
  • Fujairah Cement Industries
  • UAE
  • GCW393
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