Raysut Cement Company SAOG Auditor Raises 'Going Concern' Doubt

Raysut Cement Company SAOG is an Oman-based company, which is engaged in the manufacture and sale of cement. The Company produces and markets Portland cement, Sulfate resistant cement, Oilwell cement and Pozzolana well cement. The Company’s main production facility is located in Salalah. In addition, the Company has five storage and packaging terminals, which are located in Oman and in Yeman. It supplies cement to domestic and export markets in the region in bulk and any packing standard. The Company's network of operations serves a global customer base with locations in Oman, Yemen, Somalia, Mauritius, Qatar, Iraq, Tanzania and Sudan, among others. Raysut Cement Company SAOG owns two pneumatic self-unloading ships and two leased ships to transport bulk cement shipments loaded at Salalah and distributed to its terminals.