EMSTEEL Overview

EMSTEEL is one of the Middle East’s leading steel and building materials producers. We have global scale, exporting to over 70 countries, while at home our steel and building materials have been used in some of the UAE’s most iconic construction projects, including Burj Khalifa and Yas Island.

Strong cash generation, disciplined cost management, access to growth markets as well as competitive advantage of high-quality low-carbon steel products allows EMSTEEL to deliver long-term value to all stakeholders. Diversified EMSTEEL business plays a leading role in the implementation of the UAE Industrial Strategy ‘Operation 300bn’.

The Merger

EMSTEEL was born from the merger of a publicly listed Arkan Building Materials Company PJSC and EMSTEEL Industries PJSC, a wholly-owned subsidiary of General Holding Corporation PJSC (“Senaat”) in October 2021. The historic merger created the UAE’s largest steel and building materials company, providing investors with access to the first publicly traded UAE-based steel producer. Following the merger ADX ticker of the listed entity was changed from ARKAN to EMSTEEL.