Author:
Thu, 2021-10-07 14:44
DUBAI: UAE builder Arkan has completed its merger with Emirates Steel, forming what they claim is the country’s “largest steel and building materials company.”
The move will bring “significant revenue diversification” for both companies, according to a statement carried by WAM, and positions the combined group to pursue growth outside of the UAE.
This also marks the first time investors have access to a steel producer on a UAE public market, the statement added.
Main category:
Business & Economy
Tags:
UAE
Arkan
Emirates Steel
merger
E-trucking platform Trella expands in the UAEUAE to issue a multi-tranche bond offering