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Raysut Cement buys Sohar Cement for US$60m
Oman:Raysut Cement Company has signed an agreement to buy Sohar Cement for US$60m. The transfer of ownership for all the shares in the company was completed in mid-May 2019, according to the Oman Daily Observer newspaper. Sohar Cement held a 70% stake in a 1.7Mt/yr grinding plant and UAE-based Fujairah Cement Company owned the rest of the shares. /GlobalCement
UAECEMENT.COM - May ,23 ,2019



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