EMSTEEL Building Materials PJSC (EMSTEEL)

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News

20 May 08:00 PM Aldar becomes MENA’s 1st developer to use EMSTEEL’s hydrogen-based steel rebar

Abu Dhabi – Mubasher: Aldar Properties is set to become the first developer in the MENA region to implement hydrogen-based steel rebar in a development project, according to a press release. Supplied by  EMSTEEL Building Materials, the steel will …

Global Economy

14 May 02:11 PM EMSTEEL delivers resilient performance in Q1-25; revenues exceed AED 2.1bn

Abu Dhabi – Mubasher: EMSTEEL Building Materials witnessed resilient performance in the first quarter (Q1) of 2025, strengthening the UAE’s domestic market position amid rising global economic headwind. The net profits hit AED 86.28 million as of …

Financial Results

12 February 06:33 PM EMSTEEL generates AED 8.3bn revenues in 2024 following rebranding

Abu Dhabi – Mubasher: EMSTEEL Building Materials delivered total revenues of AED 8.33 billion in 2024, approximately 6% lower than the AED 8.89 billion reported for 2023. This decrease was attributed to various factors, including fluctuations in …

Financial Results

5 September 2024 01:16 PM Emirates Steel Arkan rebrands as EMSTEEL

Abu Dhabi – Mubasher: Emirates Steel Arkan has rebranded as EMSTEEL as part of a broader strategy to accelerate its operational transformation and extend its global presence, according to a press release. The new brand identity embodies the merger …

Companies Investments

4 August 2024 00:33 PM Emirates Steel Arkan reports drop in H1-24 profits to AED 174.5m

Abu Dhabi – Mubasher: Emirates Steel Arkan recorded lower net profits at AED 174.47 million in the first half (H1) of 2024, compared to AED 280.47 million in H1-23. The company generated revenues amounting to AED 3.95 billion in H1-24, down 10% …

Financial Results

9 May 2024 01:38 PM Emirates Steel Arkan’s net profits exceed AED 128m in Q1-24

Abu Dhabi – Mubasher: Emirates Steel Arkan logged net profits after tax valued at AED 128.22 million in the first quarter (Q1) of 2024, down year-on-year (YoY) from AED 152.17 million. Revenues plummeted to AED 2.13 billion in Q1-24 from AED 2.40 …

Financial Results

13 February 2024 00:23 PM Emirates Steel Arkan posts 18% increase in 2023 net profits

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 …

Financial Results

18 January 2024 01:50 PM Emirates Steel Arkan signs $2bn contract with Bahrain Steel

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 …

Companies Investments

2 November 2023 08:58 AM Emirates Steel Arkan unveils 9M-23 financials; revenues hit AED 6.48bn

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 …

Financial Results

1 August 2023 10:41 AM Emirates Steel Arkan’s profits hit AED 280.5m in H1-23

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 …

Financial Results

10 May 2023 11:42 AM Emirates Steel Arkan posts 110% higher profits in Q1-23

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 …

Financial Results

13 February 2023 01:07 PM Emirates Steel Arkan shifts to AED 508.5m profits in 2022 unaudited results

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 …

Financial Results

1 November 2022 03:52 PM Emirates Steel Arkan turns profitable at over AED 383m in 9M-22

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 …

Financial Results

26 September 2022 02:09 PM Emirates Steel Arkan, ITOCHU, JFE Steel mull creating green iron supply chain

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 …

Companies Investments

1 September 2022 10:25 AM Emirates Steel Arkan seeks to invest in Egypt’s nuclear projects - Interview

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 …

Companies Investments

2 August 2022 01:01 PM Emirates Steel Arkan returns to profits in H1-22

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 …

Financial Results

10 May 2022 11:57 AM Emirates Steel Arkan posts AED 72.5m profits in Q1-22

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 …

Financial Results

27 March 2022 11:55 AM Arkan registers surge in 2021 losses

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 …

Financial Results

14 November 2021 04:48 PM Arkan appoints new Chairman, CEO

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 …

Management Decisions

3 November 2021 04:37 PM Arkan's net losses deepen in 9M

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 …

Financial Results

6 October 2021 03:00 PM Arkan completes combination with Emirates Steel

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 …

Mergers and Acquisitions

22 September 2021 02:34 PM Arkan's board approves convertible bond issuance to acquire Emirates Steel

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 …

Mergers and Acquisitions

9 August 2021 09:35 AM Arkan incurs losses in H1-21

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 …

Real estate

24 June 2021 09:37 AM Arkan's board approves Emirates Steel acquisition transaction

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. …

Companies Investments

2 centuries from now Arkan receives offer to combine with Senaat's Emirates Steel

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 …

Companies Investments