87.5% of Emirates Steel Arkan (ADX: EMSTEEL) is owned by ADQ, an Abu- Dhabi-based investment and holding company with a broad portfolio of major enterprises spanning across key sectors of the Emirate’s diversified economy. 12.5% of the shares of Emirates Steel Arkan are free float.

The current ownership structure of Emirates Steel Arkan, the UAE’s largest steel and building materials company, is the result of the 2021 merger between Emirates Steel Industries PJSC and Arkan Building Materials Company PJSC.

Prior to the merger, Arkan was a public company that had been listed on ADX since January 2007 (ADX: ARKAN). Arkan’s majority shareholder was the General Holding Corporation PJSC (Senaat). Through Senaat’s transfer to ADQ in March 2020, Arkan joined ADQ’s asset portfolio.

The 2021 merger of Arkan with Emirates Steel, which was a wholly owned subsidiary of ADQ, brought ADQ’s ownership to 87.5% of the total share capital of the merged entity.