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Raysut Cement received two quality norms conforming to EU standards By: Times News Service Muscat: In a significant endorsement that will support exports to European Union (EU) markets, Oman’s largest cement manufacturer, Raysut Cement Company (RCC), has received CE and NF certifications, two stringent global quality norms validating RCC’s adherence to EU standards in cement production. The Muscat Stock Market (MSM)-listed RCC said the certifications come at a time when it is expanding exports to newer global markets. Currently, 50 per cent of the company’s output is exported to East Af...

Raysut Cement expands marketing reach Published: 9:46 PM, May 15, 2021 17-Raysut-Cement-expands-marketing-reach SHARE MUSCAT, MAY 15 - New marketing arms set up by Raysut Cement Company (RCC), the Sultanate’s biggest cement-manufacturer, have expanded the geographical reach of the group beyond the Middle East into parts of East Africa and the Indian Ocean, the publicly traded company announced last week. RCC Trading DMCC has added Zanzibar, Comoros and Madagascar to its footprint in East Africa, while Raysut Maldives Cement Pvt Ltd has added the new ...

News Competition Authority of Kenya acknowledges Zou Fengqi’s acquisition of 60% stake in Raysut Cement’s East African business Competition Authority of Kenya acknowledges Zou Fengqi’s acquisition of 60% stake in Raysut Cement’s East African business Written by Global Cement staff 12 May 2021 Kenya: The Competition Authority of Kenya has granted China-based Zou Fengqi and Oman-based Raysut Cement exemption from regulatory approval on a recent application in line with competition guidelines. The Business Daily newspaper has repor...

Regulator clears Oman’s cement firm 60pc stake sale Wednesday May 12 2021 By PATRICK ALUSHULA Summary Oman’s Raysut Cement, which has market presence in Tanzania, Somalia and Sudan and had been eyeing to acquire ARM Cement, wants to sell 60 percent stake to a Chinese firm, Zou Fengqi. The Competition Authority of Kenya (CAK) has exempted the two from filing a notification before it, saying the transaction meets the threshold under the Competition (General) Rules, 2019. Firms trading regionally are by law required to seek regulator’s approval for acquisitions and mergers Oman’s Raysut ...

MSX index ends marginally higher By: United Securities Muscat: The MSX index closed at 3,816.99 points, up 0.20 per cent from the previous close. The Sharia Index ended up 0.40 per cent at 541.66 points. National Aluminum Product, up 8.40 per cent, was the top gainer while Dhofar Cattle Feed, down 5.10 per cent, was the top loser. Shares of United Finance were the most active in terms of the number of shares traded while Jazeera Steel Product was most active in terms of turnover. A total number of 1,029 trades were executed during the day's trading session, generating a turnover of OMR3 milli...