Page 74 - Commodities Authority News Today

UAE: Emirates Steel, Arkan merger set to form countrys largest steel, building material company Waheed Abbas/Dubai File photo Merged entity will have total assets worth Dh13 billion Abu Dhabi’s General Holding Corporation (Senaat), a subsidiary of ADQ, one of Abu Dhabi’s three sovereign wealth funds, has proposed to merge Emirates Steel Industries with Arkan, which seeks to create the UAE’s largest steel and building material company. The merged entity will have total assets worth Dh13 bi...

UAE-based Arkan Building Materials Company said it has received an offer from Abu Dhabis Senaat for a merger with its subsidiary, Emirates Steel in exchange for the issuance of an instrument that will convert into 5.1 billion shares in Arkan’s capital.

SHARE General Holding Corporation (Senaat), a part of Abu Dhabi’s holding company ADQ, submitted an offer to combine its wholly-owned subsidiary Emirates Steel with Arkan Building Materials Company to create an industrial group with assets of Dh13 billion ($3.54bn). Under the terms of the proposed deal, Senaat would transfer Emirates Steel to Arkan for a convertible instrument that would automatically convert into approximately 5.1 billion ordinary Arkan shares upon completion of the deal, Se...

It looks like this was the result of either: A mistyped address A broken link on our site A broken link on a search engine results page A broken link on someone elses page Some things to try: Use the navigation menu at the top Most Read

But what do they make of the regulatory merger and changes to inheritance and divorce laws? Consolidation has long been the buzzword in the Middle East advice market, not least in the UAE following the introduction of BOD49. So, it comes as little surprise that 45% of firms responding to International Adviser‘s recent survey said they were either already engaged in or are actively looking to make deals. In the long-term, however, 66% of firms said they are looking to make acquisitions, with ...

7th Global Blockchain Congress by Agora Group on June 21 and 22, 2021 Listen to article Press Release The seventh edition of the world-renowned flagship Global Blockchain Congress by Agora Group is taking place on June 21 and 22, 2021, in Dubai. This edition’s theme is “Celebrating DeFi and NFTs” and will boast an amazing line up of speakers including keynote addresses by His Excellency Ahmed Bin Sulayem, executive chairman and CEO of Dubai Multi Commodities Centre; Hubertus Thonhau...

      Dubai Central Clearing & Depository Holding (DCCD), a subsidiary of Dubai Financial Market (DFM), today announced that both Dubai Clear (LLC) and Dubai CSD (LLC) have successfully registered a robust performance during the first year of operations since both companies’ official launch on 28 April 2020, driving business excellence and advancement of post-trade services in Dubai and the UAE. As the first local equities CCP in the UAE and the region, Dubai Clear has guaranteed trade set...

‘Sustainable investing’ continues to gather momentum as a fundamental change to the investment industry. It has gone from one frequently disregarded a few years ago, to one arguably at the start of an environmental, social and corporate governance (ESG) “bubble”, given the rapidly growing capital flows and valuations. As investor demand has increased, marketing of green or sustainable investment credentials has ballooned as well. So, how can investors understand and avoid the risks of s...

Announcement of Intention to Float on the Dubai Financial Market DUBAI, UAE, March 23, 2021 /PRNewswire/ -- Tristar Transport (PJSC - under incorporation) ("Tristar" or the "Company" or, with its subsidiaries and subsidiary undertakings, the "Group"), a leading global integrated liquid logistics solutions provider headquartered in Dubai, UAE, today announced its intention to proceed with an initial public offering (the "IPO" or the "Offering") on the Dubai Financial Market ("DFM"). Established...

Tristar Transport announces plan to float IPO DUBAI, 3 hours, 48 minutes ago Tristar Transport, a leading global integrated liquid logistics solutions provider headquartered in Dubai, UAE, has announced its intention to proceed with an initial public offering (IPO) on the Dubai Financial Market (DFM). Established in 1998 as a road transport service provider for the petroleum industry in the UAE, Tristar has evolved into a leading integrated energy logistics company serving a diversified cust...