# 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).

- Type: Acquisition
- Announced: 2021-05-09
- Where: United Arab Emirates
- Value: $381.0M (1.40B AED)
- Status: announced
- Products: steel, building materials
- Sectors: [Steel and Metal Products](https://endata.com/sectors/steel-metal-products.md), [Construction Materials](https://endata.com/sectors/construction-materials.md)

## Companies

- [Senaat](https://endata.com/companies/29628.md)
- [Emirates Steel](https://endata.com/companies/36703.md) (target)
- [ADQ](https://endata.com/companies/50153.md) (investor)
- [Arkan](https://endata.com/companies/54993.md) (target)

## Sources

- [reuters.com](https://www.reuters.com/world/middle-east/abu-dhabis-senaat-proposes-merger-between-arkan-emirates-steel-2021-05-09/), 2021-05-09: "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."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.