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Shores Clean-up Campaign 28 Dec 2021, Abu Dhabi AD Ports group’s Industrial Cities & Free Zone Cluster, in cooperation with Abu Dhabi Maritime, KIZAD and Zones Corp are organizing the annual year-end shores clean-up campaign for maintaining the positive impact on environment and community well-being, on Thursday 30th December 2021 at Al Sadr Slipway facility, .

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Abu Dhabi s construction, building materials sectors post solid growth

Abu Dhabi s construction, building materials sectors post solid growth
tradearabia.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from tradearabia.com Daily Mail and Mail on Sunday newspapers.

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Abu Dhabi s construction, building materials sectors post solid growth

Abu Dhabi s construction, building materials sectors post solid growth
zawya.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from zawya.com Daily Mail and Mail on Sunday newspapers.

Abu dhabiAl ahmedAbdullah al hameliMarketing groupZones corpAd ports groupTradearabia news serviceSyndigate media incIndustrial citiesFree zone clusterEmirates steelEmirates float glassExceed groupPorcellan tilesTradearabia newsHilal publishing

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.

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NPCC-NMDC merger gains regulatory approvals

We are looking forward to working together on projects that will further strengthen our ‘Made in UAE’ value proposition. This promising venture will further solidify our position as [a] regional EPC champion, and support our efforts to explore new growth avenues, NPCC chief executive Ahmed Al Dhaheri said. Prior to the merger, state holding company ADQ held a 32 per cent stake in Abu Dhabi Securities Exchange-listed NMDC and was the majority owner (through its Senaat subsidiary) of NPCC. It is effectively a reverse takeover, with NMDC issuing mandatory convertible bonds for NPCC s entire share capital, which are being converted into 575 million ordinary shares, or 69.7 per cent of the combined entity. The business will maintain its market listing.

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