Oman Cement appoints new acting chairman

Saleh Nasser al-Aaraimi has been appointed acting chairman of Oman Cement Company following the death of Sayed Qahtan Yarub al-Busaibi, the company said on Sunday.Al-Aaraimi, the vice chairman, will take the role until Oman's government nominates a new chairman, it said in a statement on Muscat's bourse website.

The government holds a 51 per cent stake in the company, the sultanate's second-largest cement firm.Oman Cement's shares ended 0.2 per cent lower on Sunday, in line with Muscat's bourse which eased 0.1 percent.