EMSTEEL Building Materials PJSC (ARKAN)

Abu Dhabi – Mubasher: Emirates Steel Arkan recorded 18% higher net profits at AED 601.91 million in 2023, compared to AED 510.20 million in 2022. Revenues dropped to AED 8.89 billion in 2023 from AED 9.45 billion a year earlier, according to the …

Abu Dhabi – Mubasher: Emirates Steel Arkan inked a five-year iron ore pellets supply contract with a global leader in high-grade iron-ore pellets (IOP) Bahrain Steel Company at nearly $2 billion. The two entities will join forces to back the iron …

Abu Dhabi – Mubasher: The net profits of Emirates Steel Arkan reached AED 387.59 million in the first nine months (9M) of 2023, versus AED 383.15 million in 9M-22. Revenues stood at AED 6.48 billion during January-September 2023, compared to AED …

Abu Dhabi – Mubasher: Emirates Steel Arkan logged net profits worth AED 280.47 million during the first half (H1) of 2023, up year-on-year (YoY) from AED 279.86 million. Revenues hit AED 4.43 billion as of 30 June 2023, an annual decline from AED …

Abu Dhabi – Mubasher: The net profits of Emirates Steel Arkan amounted to AED 152.17 million in the first quarter (Q1) of 2023, higher by 110% year-on-year (YoY) than AED 72.58 million. The UAE-based group registered an 18% surge in revenue to AED …

Abu Dhabi - Mubasher: Emirates Steel Arkan swung to net profits worth AED 508.45 million in 2022, compared to net losses of AED 744.63 million in 2021. Revenues jumped to AED 9.45 billion during the January-December 2022 period from AED 3.02 …

Abu Dhabi – Mubasher: Emirates Steel Arkan shifted to net profits worth AED 383.15 million in the first nine months (9M) of 2022, compared to net losses of AED 29.18 million in 9M-21. Revenues amounted to AED 7.12 billion in 9M-22, higher than AED …

Abu Dhabi - Mubasher: Emirates Steel Arkan has teamed up with ITOCHU Corporation and JFE Steel Corporation, a unit of Japan-based JFE Holdings, to consider setting up a ferrous raw material production facility in Abu Dhabi. The three parties will …

By: Mahmoud Gamal Abu Dhabi – Mubasher: Group CEO of Emirates Steel Arkan, Saeed Ghumran Al Remeithi, said his company is interested to invest in Egypt over the coming period, stressing that the Egyptian market is considered one of the group’s key …

Abu Dhabi - Mubasher: Emirates Steel Arkan turned profitable in the first half (H1) of 2022 with AED 279.86 million in net earnings, against net losses of AED 23.24 million in H1-21. The revenues amounted to AED 4.61 billion in the first six …

Abu Dhabi - Mubasher: The net profits of Emirates Steel Arkan skyrocketed to AED 72.58 million in the first quarter (Q1) of 2022, compared to AED 1.22 million in the year-ago period, according to the company's unaudited consolidated interim …

Abu Dhabi - Mubasher: The net losses of Arkan Building Materials Company hiked to AED 744.63 million in 2021, compared to AED 66.54 million in the earlier year, according to the company's consolidated financials for the year-ended 31 December …

Abu Dhabi - Mubasher: Arkan Building Materials Company has appointed Hamad Abdulla Mohamed AlShorafa Alhammadi as the company's Chairman and Saeed Ghumran Saeed Salem Alremeithi as CEO. Arkan has also appointed Jamal Salem Obaid Salem Al Dhaheri …

Abu Dhabi - Mubasher: Arkan Building Materials Company recorded net losses of AED 29.19 million during the first nine months of 2021, up from AED 3.71 million in the year-ago period. The company's revenues increased to AED 591.16 million in the …

Abu Dhabi - Mubasher: Arkan Building Materials Company has completed its combination with Emirates Steel Industries, an integrated steel manufacturer, to form the UAE’s largest steel and building materials company. The transaction provides revenue …

Abu Dhabi - Mubasher: The board of Arkan Building Materials Company has approved the issuance of mandatory convertible bonds with a nominal value of AED 1 each to General Holding Corporation (Senaat) to acquire Emirates Steel Industries (Emirates …

Abu Dhabi - Mubasher: Arkan Building Materials Company has recorded net losses of AED 23.24 million during the first half (H1) of 2021, against net profits of AED 2.127 million in the year-ago period, as shown by the company's consolidated interim …

Abu Dhabi - Mubasher: The board of Arkan Building Materials Company has approved the offer, received from General Holding Corporation (Senaat) on 9 May, to transfer its wholly-owned subsidiary, Emirates Steel Industries (Emirates Steel), to Arkan. …

Abu Dhabi - Mubasher: Arkan Building Materials Company has received an offer from General Holding Corporation (Senaat), a part of ADQ, to transfer its wholly-owned subsidiary, Emirates Steel Industries (Emirates Steel), to Arkan. Under the offer's …

Abu Dhabi - Mubasher: Arkan Building Materials Company recorded net losses of AED 3.71 million during the first nine months of 2020, against net profits of AED 36.13 million in the corresponding period of 2019. The company's revenues declined to …

Abu Dhabi – Mubasher: The board of Arkan Building Materials Company has appointed Abdelaziz Asad as a new acting chief executive officer of the company, according to a press release on Monday. Before occupying his new position, Asad, with around …

Abu Dhabi – Mubasher: The consolidated financial results of Arkan Building Materials Company showed AED 2.1 million net profits in the first six months of 2020, down from AED 8.5 million in the corresponding period of 2019. The company's revenues …

Abu Dhabi – Mubasher: The net profits of Arkan Building Materials Company declined to AED 10.53 million during the first quarter (Q1) of 2020, compared to AED 12.213 million in the same period of 2019. The decrease in net profits is attributed to …

Abu Dhabi – Mubasher: The net profits of Arkan Building Materials Company dropped to AED 45.682 million in 2019 from AED 53.460 million in 2018, as shown by the company’s preliminary unaudited financials for the year ended on 31 December 2019. The …

Abu Dhabi – Mubasher: Arkan Building Materials Company, listed on the Abu Dhabi Securities Exchange (ADX), generated a net profit of AED 36.13 million over the period from January to September 2019, compared to AED 10.20 million a year earlier. …