Senaat seeks merger of Arkan and Emirates Steel to form UAE's largest steel company

Abu Dhabi's General Holding Corp (Senaat) is seeking to merge Arkan and Emirates Steel to create the UAE's largest steel and building materials company. Senaat owns 51% of Arkan and all of Emirates Steel. The deal values Arkan at 1.4 billion dirhams ($381 million).

“Abu Dhabi's General Holding Corp (Senaat) is seeking the merger of Arkan and Emirates Steel to create United Arab Emirates' biggest steel and building materials company.”reuters.com

• 1 source
• reuters.comADQ-backed Senaat seeks merger between Arkan and Emirates Steel | ReutersMay 9, 2021

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