RAK Ceramics
The poster boy of Ras Al Khaimah, the company produces the world's largest tile and is a case study for MBA students in Georgetown University.
June 24, 2008 11:54 by kippreport
The company was founded in 1989, started production in 1991, and went public in 1998, receiving an investment capital of over $250m. Listed on the Abu Dhabi Stock Exchange, it is owned 33.5 percent by the ruling family of RAK, 27.5 percent by Emirates Rock and Marbles, three percent by RAK Poultry, 8 percent by its management, 5 percent by the RAK Government, and the remaining 24 percent by other institutional and individual investors.
RAK Ceramics started its operations with one production line with 100 employees and an output of 5000 sq m of tiles per day. Currently, the RAK plants produce up to 200,000 sq m of tiles, 7,000 pieces of sanitary ware and around 45,000 pieces of porcelain tableware per day.
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