Cement News tagged under: Ras Al khaimah for White Cement

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Ras Al Khaimah White Cement becomes a subsidiary of UltraTech Cement Middle East

11 July 2024, Published under Cement News

Following UltraTech Cement Middle East Investments Ltd' s (UCMEIL) partial cash offer for acquiring shares (25 per cent) of Ras Al Khaimah Co for White Cement (RAKW) and Construction Materials PSC in May 2024, a shareholders' meeting  was held on 9 July and the final allotment of shares in the name of UCMEIL was announced on 10 July.  Together with the existing shareholding in RAKW ( UltraTech Group ), UCMEIL's aggregate shareholding in RAKW was increased to 54.39 per cent. Therefore, RA...