The structure of the layered transition-metal Borides $A$B$_2$ ($A =$ Os, Ru) is built up by alternating $T$ and B layers with the B layers forming a puckered honeycomb. Here we report superconducting properties of RuB$_2$ with a $T_c approx 1.5$K using measurements of the magnetic susceptibility versus temperature $T$, magnetization $M$ versus magnetic field $H$, resistivity versus $T$, and heat capacity versus $T$ at various $H$. We observe a reduced heat capacity anomaly at $T_c$ given by $Delta C/gamma T_c approx 1.1$ suggesting multi-gap superconductivity. Strong support for this is obtained by the successful fitting of the electronic specific heat data to a two-gap model with gap values $Delta_1/k_BT_c approx 1.88$ and $Delta_2/k_BT_c approx 1.13$. Additionally, $M$ versus $H$ measurements reveal a behaviour consistent with Type-I superconductivity. This is confirmed by estimates of the Ginzburg-Landau parameter $kappa approx 0.1$--$0.66$. These results strongly suggest multi-gap Type-I superconductivity in RuB$_2$. We also calculate the band structure and obtain the Fermi surface for RuB$_2$. The Fermi surface consists of one quasi-two-dimensional sheet and two nested ellipsoidal sheets very similar to OsB$_2$. An additional small $4^{rm th}$ sheet is also found for RuB$_2$. RuB$_2$ could thus be a rare example of a multi-gap Type-I superconductor.
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