# Arkan shareholders approve combination with Emirates Steel

Arkan Building Materials Company shareholders have approved the acquisition of Emirates Steel from Senaat, creating a combined entity. The transaction is expected to close later in 2021.

- Type: Acquisition
- Announced: 2021-08-09
- Where: United Arab Emirates
- 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) (partner)
- [Emirates Steel](https://endata.com/companies/36703.md) (target)
- [Arkan Building Materials Company](https://endata.com/companies/56029.md) (acquirer)

## Sources

- [thenationalnews.com](https://www.thenationalnews.com/business/economy/2021/08/09/arkans-shareholders-approve-combination-with-emirates-steel/), 2021-08-09: "Arkan Building Materials Company... said its shareholders have approved a proposal to combine the company with Emirates Steel."

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