Emirates Steel Arkan Group, the UAE’s largest listed steel and building materials company, has signed a Memorandum of Understanding (MoU) with Abu Dhabi University (ADU) to establish the UAE’s first metallurgical laboratory specialized in steelmaking. The laboratory will contribute to enriching the educational experience in this discipline and conducting advanced...

The firm said the impact of Emirates Steel and Arkan merger was positive.

The merger creates the UAE’s largest steel and building material company.

Medical, lab supplies and equipment can be purchase online.

Arkan will merge with Emirates Steel by the end of this year.

The deal is valued at AED4.07 billion ($1.11 billion), as it will give Arkan 5.1 billion ordinary shares at a cost of AED0.798 ($0.22) each Once the deal goes through, Arkan’s holding company Senaat would own 87.5% of its entire issued share capital   United Arab Emirates-based Arkan Building Materials...