Dubai - Mubasher: Fujairah Cement Industries said its board of directors gave a nod to establish Sohar Cement Co. in Oman.
The new company investment cost amounts to OMR 1.420 million (AED 13.561 million), representing 20% of the paid up capital.
Fujairah Cement reported net profits of AED 16.75 million in Q1-2016, up 106% from AED 8.14 million a year earlier.
