Arkan shareholders approve strategic merger with Emirates Steel ...United Arab Emirates

Arkan Building Materials Company (Arkan), the UAE-based has announced that it has won approval from its shareholders for a strategic merger with Emirates Steel Industries, the integrated steel manufacturer. In a statement, Arkan said that the transaction will create a listed national champion in the building materials and construction sector with strong potential for growth in the UAE and internationally. Emirates Steel is owned by General Holding Corporation (Senaat), a part of ADQ, one of the region’s largest holding companies. The key terms of the strategic combination, proposed in May by Senaat, are to transfer Emirates Steel to Arkan in consideration for the issuance by Arkan to Senaat

Hence then, the article about arkan shareholders approve strategic merger with emirates steel was published today ( Monday 16/08/2021 - 11:46 AM ) and is available on ME CONSTRUCTION NEWS ( United Arab Emirates ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.

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