Ras Al Khaimah Co. for White Cement & Construction Materials P.S.C. announced it has received $101.10 million in an equity round of funding on April 15, 2022. the transaction included participation from existing investor UltraTech Cement Middle East Investments Limited for 29.39% stake in the company.

Post closing UltraTech Cement Middle East Investments Limited holds 29.79% stake in the company.