Arkan board approves acquisition of Emirates Steel from Senaat

Arkan Building Materials Company secured board approval to acquire Emirates Steel from Senaat, part of ADQ. The deal will create a listed building materials champion, with Senaat receiving convertible instruments worth approximately AED 4.1 billion.

“The proposed transaction would create a listed national champion in the building materials and construction sectors.”thenationalnews.com

• 1 source
• thenationalnews.comArkan’s board approves acquisition of Emirates Steel | The NationalFareed RahmanJun 24, 2021

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