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Abu Dhabi s Senaat offers to combine Emirates Steel with Arkan to create $3 54bn entity

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, Senaat said in a statement on Sunday. The conversion price of the instrument is set at Dh0.798 per share, which values Arkan at about Dh1.4bn. Upon completion, Senaat would own approximately 87.5 per cent of the entire issued share capital of the combined group.

Abu dhabiAbuz abyUnited arab emiratesAl foahKhalifa al suwaidiZones corpAbu dhabi power companyAbu dhabi securities exchangeNational marine dredging companyArkan building materials companyEmirates nuclear energy corporationCommodities authorityGeneral holding corporation senaatAbu dhabi national energy companyAbu dhabi national petroleum construction companyGeneral holding corporation

Abu Dhabi s Khidmah appoints Abdellatif Sfaxi as its CEO

Abu Dhabi s Khidmah appoints Abdellatif Sfaxi as its CEO
constructionweekonline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from constructionweekonline.com Daily Mail and Mail on Sunday newspapers.

Abdellatif sfaxiJassem saleh busaibeArkan building materials companyAbu dhabi headquarteredNorth africaBoard memberஆர்கன் கட்டிடம் பொருட்கள் நிறுவனம்பலகை உறுப்பினர்

UAE FM company Khidmah names new CEO

UAE FM company Khidmah names new CEO ABU DHABI, December 14, 2020 Khidmah, one of the region s leading facilities management and maintenance companies, has appointed real estate industry veteran Abdellatif Sfaxi as its new chief executive officer. With over 32 years of in-depth experience gained at various reputed organisations across the UAE and North Africa serving in C-suite leadership positions, Sfaxi is a results driven and strategic thinker who has supported organisations grow and diversify while steadily remaining within the principles of corporate governance. To date, he has successfully led eight mergers and acquisitions in previous roles including six in the UAE. Sfaxi also serves as a board member in various companies in the UAE, Egypt and Jordan, said the statement from Khidmah.

Abdellatif sfaxiJassem saleh busaibeArkan building materials companyTradearabia news serviceNorth africaChairman jassem saleh busaibeTradearabia newsஆர்கன் கட்டிடம் பொருட்கள் நிறுவனம்

Emirates News Agency - Abu Dhabi s Khidmah appoints new CEO

Emirates News Agency - Abu Dhabi s Khidmah appoints new CEO
wam.ae - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from wam.ae Daily Mail and Mail on Sunday newspapers.

Abdellatif sfaxiJassem saleh busaibeArkan building materials companyChief executiveNorth africaBoard memberஆர்கன் கட்டிடம் பொருட்கள் நிறுவனம்தலைமை நிர்வாகிபலகை உறுப்பினர்