Raysut Cement

What Raysut Cement does

Raysut Cement Company SAOG, founded in 1981 and headquartered in Salalah on the southern tip of Oman, is the largest cement producer in Oman and a publicly listed joint stock company on the Muscat Stock Exchange (ticker: RCEC). The company manufactures Ordinary Portland Cement, Sulfate Resisting Cement, Oil-Well Class G Cement (API 10A certified) and Oil-Well Pozolana Cement (Pozmix) across a four-line, 2.6 million metric ton-per-year clinker facility, expanded to a group capacity of 7.4 million metric tons of cement per year following the 2019 acquisition of Sohar Cement Factory (USD 60 million), the 2020 acquisition of a 75% stake in Lafarge Holcim's Thilafushi plant in the Maldives, and the addition of a 1 million-ton Duqm grinding unit. It owns and operates a maritime fleet and five storage/packing terminals (Salalah, Muscat, Sohar, Mukalla, Aden) that distribute product to construction and infrastructure customers across Oman, Yemen, Somalia, Mauritius, Qatar, Iraq, Tanzania, Sudan, UAE, the Maldives and planned Georgia and Somaliland markets, with roughly 50% of production exported.

The company monetises almost exclusively through direct cement and clinker sales (hardware model), priced on a quote-by-quote basis to construction firms, government infrastructure projects (e.g., Sultan Haitham City, Sorouh Initiative) and regional distributors. Revenue is generated from a horizontal segmentation approach: a primary Construction Industry segment supplemented by Government/Infrastructure and Regional Export Markets segments in Africa, Asia and the Indian Ocean. The company also sells ready-mix concrete, cement blocks and paving tiles through its 50%-owned Oman Portuguese Cement Products LLC joint venture. Competitive positioning rests on integrated scale, a 9MW Waste Heat Recovery system (cutting energy use 25–30% and water use over 50%) and a multi-jurisdictional certification footprint (ISO 9001, ISO 14001, API 10A, CE, NF, BIS, SABPS).

Raysut is currently navigating a material financial reset: accumulated losses stood at RO 54.99 million as of October 2025, prompting an Extraordinary General Meeting to restore capital via a potential rights issue or debt-to-equity conversion of up to RO 44.99 million. Operational momentum continues in parallel — a new Group CEO was appointed on 11 February 2026, the MSX share price rose 29% in late February 2026 on construction-sector recovery expectations, and the company released three new tenders in December 2025 and signed a strategic partnership with Sinoma Overseas for the Salalah WHR project in November 2025.

Name

Raysut Cement

Legal name

Raysut Cement Company SAOG

Website

https://raysutcement.om

Company type

Public

Founded year

1981

Operating status

Operating

Headcount range

501–1,000 employees

Short description

Raysut Cement is Oman's largest cement manufacturer, producing Ordinary Portland, sulfate-resisting and oil-well cements at a 7.4 million-ton group capacity and exporting roughly 50% of output to construction and infrastructure customers across the Middle East, East Africa and the Indian Ocean.

Ownership category

akta.pro rank

Product category

Cement Manufacturing

NAICS

Cement Manufacturing (327310)

SIC

Cement, Hydraulic (3241)

akta.pro primary industry

Cement Manufacturing (Portland, Blended & Specialty) (IMADAAAG)

akta.pro secondary industry

Ready-Mix Concrete Production & Delivery (IMADAAAA)

Keywords

• Cement manufacturing
• Clinker production
• Ready-mix concrete
• Oil-well cement
• Cement export

Headquarters

HQ city

Muscat

HQ country

Oman

HQ region

Middle East

Offices10 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Operations, Supply Chain, Infrastructure, Personnel, Marketing or Sales, Technology or R&D

Revenue model

1. Cement and Clinker Sales: Primary revenue from manufacturing and selling cement products including Ordinary Portland Cement, Sulfate Resisting Cement, Oil-Well cement, and ready-mix concrete through direct sales network across Middle East, Africa and Asia.

Go-to-market motion1 record

Distribution channels3 records

Marketing channels4 records

Core offering

Raysut Cement manufactures and sells cement and clinker products including Ordinary Portland Cement, Sulfate Resisting Cement, Oil-Well Class G Cement (API 10A certified) and Oil-Well Pozolana Cement (Pozmix) from its four-line Salalah facility, alongside ready-mix concrete through its 50%-owned Oman Portuguese Cement Products LLC joint venture. The company markets and distributes its cement directly to construction companies, contractors and government infrastructure projects across the Middle East, East Africa, South Asia and the Indian Ocean, supported by an owned maritime fleet and five storage and packing terminals.

Product overview

Raysut Cement Company is the largest cement producer in Oman, operating a diversified product portfolio centered on cement manufacturing. The core products include Ordinary Portland Cement, Sulfate Resisting Cement, Oil-Well Class G Cement, and Oil-Well Pozolana Cement (Pozmix). The company has expanded through acquisitions into ready-mix concrete (via Oman Portuguese Cement Products LLC) and has international presence through its 100% owned Pioneer Cement Industries LLC subsidiary in the UAE. The company operates a manufacturing facility in Salalah with a production capacity of 3 million metric tons of cement per year across four production lines, supplemented by a maritime fleet and multiple storage and packing terminals across the region.

Differentiator

Problem solved

Functional benefit

Products and services

• Ordinary Portland Cement Standard cement product for general construction applications, produced at Raysut Cement's Salalah four-line facility. Sold to construction companies, contractors and government infrastructure buyers across the Middle East, East Africa, South Asia and the Indian Ocean.
• Sulfate Resisting Cement Specialized cement designed for environments with high sulfate exposure, such as marine structures and sulfate-rich soils, used by construction and infrastructure buyers requiring durable cement.
• Oil-Well Class G Cement Cement designed for oil and gas well applications, holding API 10A certification from the American Petroleum Institute, sold to oilfield operators and contractors.
• Oil-Well Pozolana Cement (Pozmix) Specialized oil-well cement with pozzolanic properties for enhanced durability, serving oilfield operators requiring API-grade well cements.
• Ready Mix Concrete Ready-mix concrete, cement blocks and paving tiles manufactured via 50%-owned Oman Portuguese Cement Products LLC joint venture in Sohar Industrial Area, serving construction buyers in Oman.

Quantifiable outcome

• Energy consumption reduction of 25-30% through Waste Heat Recovery system
• +2 more outcomes

Named customers2 records

Segments3 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Eight partnerships are on record, tiered core and minor.

• Sinoma OverseascoreStrategic or Co-development Partner · 19 November 2025Strategic partnership for industrial development and sustainability initiatives. Sinoma Overseas is implementing a 9MW Waste Heat Recovery (WHR) project at Raysut's Salalah plant to reduce emissions and supply a substantial share of the plant's power needs. The partnership reinforces cooperation in enhancing energy efficiency and supports innovation at Raysut Cement Group.
• Enterprise Audemard GroupminorChannel Partner/ Reseller/ Distributor · 1 January 2021Signed one-year contract with French company Enterprise Audemard Group for shipping 8,000 metric tons of cement monthly to Reunion Island in the Indian Ocean, marking new export market entry.
• State Trading Organization (STO) MaldivescoreStrategic or Co-development Partner · 1 October 2020Raysut Maldives joint venture with 75% Raysut and 25% STO ownership. Plans to expand the Thilafushi plant from 75,000 tons to over 200,000 tons annually. Creates commercial link between Oman and Maldives in cement and broader economic sectors.
• Duqm Port CompanycoreChannel Partner/ Reseller/ Distributor · 1 September 2020Land lease contract and port services agreement signed for the new Duqm grinding unit development. The agreement supports Raysut's expansion in Oman with port access for raw materials and product distribution.
• Pioneer Cement Industries LLCcoreStrategic or Co-development Partner · 1 October 2019100% owned subsidiary acquired in 2011. Integrated cement and clinker grinding plant in Ras Al Khaimah, UAE. With limestone mining concessions in Georgia, Pioneer is developing a 1.2 million ton cement plant near Tbilisi, Georgia at USD 200 million investment.
• Lafarge Holcim MaldivescoreStrategic or Co-development Partner · 1 October 2019Acquired 75% stake in Lafarage Holcim's cement plant in Thilafushi islands, Maldives. Joint venture with STO Maldives aims to achieve cement self-sufficiency in Maldives and add 40% local content through local production facilities.
• Sohar Cement Factory LLCcoreStrategic or Co-development Partner · 1 February 2019Raysut issued letter of intent to acquire Sohar Cement Factory LLC, expanding its presence in the Omani cement market. Sohar facility provides additional production capacity and strategic location near Sohar Port.
• Oman Portuguese Cement Products LLCcoreStrategic or Co-development Partner · 1 January 2011Joint venture established in 2011 with 50% ownership by Raysut Cement. Company operates in Sohar Industrial Area producing ready-mix concrete, cement blocks, and paving tiles (interlock), marking Raysut's strategic entry into ready-mix concrete manufacturing.

Scale indicators6 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• Oman Cement Company (OCC): Oman Cement Company is the only other major domestic cement producer in Oman, listed on MSX. Directly comparable in product mix (OPC, SRC), end markets, and feedstock access, making it the closest head-to-head competitor for Omani construction and export volumes.

Broad incumbents

• LafargeHolcim: Global cement and aggregates incumbent that previously owned the Maldives plant Raysut acquired. Operates broadly across MEA with overlapping products (OPC, oil-well cement, ready-mix) and competes with Raysut in export markets and specialty cement channels.
• HeidelbergCement: One of the world's largest cement groups with significant MEA presence and a broad product portfolio including oil-well cement. Comparable as a globally diversified incumbent competing in the same export and specialty cement segments Raysut serves.
• CEMEX: Global cement major with operations across MEA and a broad product portfolio including oil-well cement and specialty binders. Comparable to Raysut in product breadth and exposure to emerging-market construction cycles.
• UltraTech Cement: India's largest cement producer, operating across India and a few overseas markets. Comparable as a high-volume, vertically integrated cement incumbent with broad product portfolio (OPC, SRC, specialty cements) and international certifications.

Regional players

• Arabian Cement Company: Saudi-listed cement producer serving the Saudi market and regional exports. Comparable regional peer in scale, GCC-listed, OPC/SRC product mix, and similar end-market exposure to Middle East construction demand.
• Qatar National Cement Company: Qatari cement producer with regional export reach. Comparable as a GCC-based cement manufacturer with OPC, SRC, and oil-well cement lines serving overlapping Middle East and Indian Ocean export markets.
• Sinai Cement Company: Egypt-based cement producer with regional export reach into MEA and Indian Ocean markets. Comparable regional cement peer in scale, OPC/SRC product mix, and dependence on construction-cycle demand.
• National Cement Company (Kenya): East African cement producer serving Kenya and neighboring markets, including some Indian Ocean export channels Raysut targets. Comparable regional cement peer operating in one of Raysut's key export geographies (East Africa).
• Lafarge Africa / LafargeHolcim Maroc: Africa-focused subsidiaries of LafargeHolcim operating cement plants across the continent, including markets Raysut exports to (East Africa, Indian Ocean). Comparable regional peer with overlapping distribution geography and product mix.

Market position

Strengths1 record

Weaknesses5 records

Competitive moat5 records

Key risks7 records

Key highlights7 records

Customer concentration

• Xx.com/raysutcement
• LinkedInlinkedin.com/company/raysut-cement-salalah

Compliance6 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles6 records

Subsidiaries6 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Raysut Cement