Raysut Cement Company SAOG announced that shareholders at the annual general meeting held on March 13, 2018 approved the Board of Directors recommendation to distribute cash dividends at the rate of 29% of the paid up capital of the company being 29 Balsa per share.

At the meeting also approved the election of Ahmed bin Yousuf bin Alawi Al Ibrahim as Chairman, Abdul Hafiz bin Salim Ahmed Al Barami as Vice Chairman and Shihab Yousuf Alawi Al Ibrahim, Mohd Saif Ghanim Al Suwaidi, Hussam Ibrahim Saleh Al Akhal, Fahad bin Abdulla Abdul Aziz Al Rajihi, Hussein bin Abdulla Ahmed Al Haddad, Abdulla bin Ali bin Salim Al Sulaimi and Gerhard Hugo Hirth as members of Board of Directors. After election of the new Board of directors in the Annual General Meeting of the company. The Board of Directors taken the following decisions for constitution of the Board and other Board's Committees. The company appointed Ahmed bin Yousuf bin Alawi Al Ibrahim as Chairman and Shihab Yousuf Alawi Al Ibrahim, Abdul Hafiz bin Salim Ahmed Al Barami and Hussein bin Abdulla Ahmed Al Haddad as members of executive, nomination and remuneration committee and Mohd Saif Ghanim Al Suwaidi as Chairman and Abdul Hafiz bin Salim Ahmed Al Barami, Hussein bin Abdulla Ahmed Al Haddad and Abdulla bin Ali bin Salim Al Sulaimi as members of Audit committee.