Raysut Cement appoints new CEO
Published by Rosalie Starling,
Editor - Hydrocarbon Engineering
World Cement,
Oman’s largest cement producer Raysut Cement Co. has announced the appointment of Salem Alawi Mohammed Baabood as the company’s Chief Executive Officer, effective from 3 June 2014.
In a disclosure to the Muscat Securities Market (MSM), Ahmed bin Alawi bin Abdullah al Ibrahim, Chairman of the Board of Directors of Raysut Cement, stated that the Board of Directors had appointment Baabood as the CEO of the company in its meeting No. (3/2014).
Baabood will take the place of Mohamed Ahmed al Dheeb, who was relieved of the position in December 2013 and was appointed as an advisor to the Board of Directors. The board had appointed Baabood as acting CEO until a new CEO was selected for the company.
4Q results
According to a statement to Muscat’s bourse, Raysut Cement recorded a profit of OMR8.23 million (US$21.4 million) in the quarter ended 31 March 2014, an increase from OMR8.17 million recorded in the quarter ended 31 March 2013. Revenue for the quarter stood at OMR24.82 million, declining from OMR25.22 million in the same period a year earlier.
Edited from various sources by Rosalie Starling
Read the article online at: https://www.worldcement.com/africa-middle-east/05062014/raysut_cement_appoints_new_ceo_305/
You might also like
The World Cement Podcast
In this special joint episode of the World Cement Podcast, and Cementing Europe’s future, the podcast of CEMBUREAU, David Bizley and Koen Coppenholle take a deep dive into the Clean Industrial Deal and a discussion of what it means for the European cement industry.
Listen for free today at www.worldcement.com/podcasts or subscribe and review on your favourite podcast app.
Shaping The Future Through Shredding
Gary Moore, UNTHA Shredding Technology GmbH, highlights the global momentum behind alternative fuels and the role of advanced shredding in shaping cement’s low-carbon future.
