Raysut Cement Company SAOG (MSM:RCCI) signed a letter of intent to acquire Sohar Cement Factory LLC on February 24, 2019. As of June 15, 2019, the completion process is not completed yet. Raysut Cement Company SAOG (MSM:RCCI) completed the acquisition of Sohar Cement Factory LLC for $60 million on May 19, 2019. The agreement for the transaction is signed on May 19, 2019 and all the procedures and ownership transfers have been completed on same day.