MUSCAT: Raysut Cement Company SAOG has appointed its wholly owned subsidiary Tharawat Energy & Mining SPC to manage, operate and supervise all quarries across the group, in a move aimed at centralising control of its mining assets and extracting greater value from them.
The board approved the appointment by way of a circular resolution dated July 29, 2026, according to a disclosure filed with the Muscat Stock Exchange (MSX) and signed by Chief Executive Officer Salim Abdul Kader. The mandate covers the quarries of Raysut Cement and of the companies owned by and affiliated with it.
The board said the decision was based on the strategic objective of the company and the group to centralise the management and utilisation of quarry assets, enhance operational efficiency and maximise the value derived from mining assets.
Under the resolution, Tharawat will assume responsibility for planning and operations, the management of licences and permits, coordination with the relevant government authorities, the management of mining operations and the development and utilisation of the group’s quarry assets. The appointment is intended to promote best industry practices, improve operational efficiency and enhance value creation across the group, the company said.
Raysut Cement, one of Oman’s biggest cement production groups, owns and operates limestone and raw material quarries that supply its integrated cement manufacturing operations in Oman, providing a secure source of the key inputs required for clinker and cement production. The company's principal quarry assets are located near its flagship cement plant in Salalah.
Raysut Cement Group reported a stronger underlying operating performance for the year ended December 31, 2025, with revenue rising 29 per cent year-on-year to RO 90.67 million from RO 70.27 million. Gross profit increased 26 per cent to RO 11.14 million, while EBITDA nearly doubled, surging 87 per cent to RO 7.36 million. The group also returned to an underlying operating profit of RO 871,000, compared with an operating loss of RO 2.50 million in 2024.
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