Following the strategic combination of Arkan and Emirates Steel, which created the UAE’s largest steel and building materials company, Arkan Building Materials Coappointed a new Board of Directors at the General Assembly Meeting held virtually on 4 November 2021. The meeting was chaired by HE Eng. Jamal Salem Obaid Salem Al Dhaheri.The new Board of Directors comprises of:HE Eng. Jamal Salem Obaid Salem Al DhaheriHE Saeed Ghumran Saeed Salem AlremeithiHamad Abdulla Mohamed AlShorafa AlhammadiAbdulaziz Abdulla Ismail Mohamed AlhajriNabeel QadirFatima Abdulla Mohamed Sharif Abdulla AlfahimFarah Abdulla Mohamed Ali AlmazruiArkan announced the legal completion of the transaction on 4 October 2021, following the receipt of all regulatory approvals. Under key terms of the offer, Arkan issued to Senaat a convertible instrument, which converted into 5.1 billion ordinary Arkan shares. The transaction provides significant revenue diversification for the Combined Group and marks the first time that investors have access to a steel producer on a UAE public market.
Following the strategic combination of Arkan and Emirates Steel, which created the UAE’s largest steel and building materials company, Arkan Building Materials Coappointed a new Board of Directors at the General Assembly Meeting held virtually on 4 November 2021. The meeting was chaired by HE Eng. Jamal Salem Obaid Salem Al Dhaheri.The new Board of Directors comprises of:HE Eng. Jamal Salem Obaid Salem Al DhaheriHE Saeed Ghumran Saeed Salem AlremeithiHamad Abdulla Mohamed AlShorafa AlhammadiAbdulaziz Abdulla Ismail Mohamed AlhajriNabeel QadirFatima Abdulla Mohamed Sharif Abdulla AlfahimFarah Abdulla Mohamed Ali AlmazruiArkan announced the legal completion of the transaction on 4 October 2021, following the receipt of all regulatory approvals. Under key terms of the offer, Arkan issued to Senaat a convertible instrument, which converted into 5.1 billion ordinary Arkan shares. The transaction provides significant revenue diversification for the Combined Group and marks the first time that investors have access to a steel producer on a UAE public market.
