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Arkan Building Materials Company P.J.S.C. (Arkan) was formed pursuant to Law No. 5 (establishing GHC) dated July 4, 2004, for a 100-year term. On January 15, 2006, Ministerial Decision No.7 of 2006 was issued by the Ministry of Economy, establishing Arkan. Arkan was incorporated pursuant to its Memorandum and Articles of Association and Law No. 8 of 1984, concerning Commercial Companies, as amended, as a UAE public joint stock company. The Company was formed by its sole founding shareholder, GHC, with an initial authorized and fully paid-up capital of AED10 million, divided into 10 million ordinary shares with a nominal value of AED1 each. Subsequently, after its incorporation, Arkan conducted a capital increase on February 6, 2006, to which GHC contributed ‘in-kind’ the businesses of Emirates Cement and Concrete Block Factories, in exchange for 882,500,000 million newly issued shares of Arkan. As a result, the total capital of Arkan increased to AED892,500,000 million and Arkan became the owner of the Portfolio Businesses. The Company has been established for the purpose of owning companies and businesses involved in the construction-related sector in the UAE, to make further investments in these businesses and companies and in any related businesses, and generally to trade, deal or engage in any commercial activities that are core to the operations and businesses of the Portfolio Businesses and any other subsidiaries.

 

Telephone: 971 2 4455888
Fax: 971 2 4455262
Website: http://www.arkan.ae/