Arkan appoints Abdelaziz M. Asad as Chief Operating Officer

Arkan Building Materials appointed Abdelaziz Asad as Chief Operating Officer.

12 January 2016

Abu Dhabi, UAE - Arkan Building Materials Co. PJSC (ADX: ARKAN) ("Arkan" or "the Company"), a leading construction and building materials company in the UAE, has appointed Eng. Abdelaziz Asad as Chief Operating Officer. Eng. Asad will report directly to Arkan Chief Executive Officer, Mr. Abdellatif Sfaxi.

Eng. Asad started his career in 1991 with Emirates Cement Factory, one of Arkan's subsidiaries. He joined as an electrical engineer, and quickly advanced within the organisation, becoming General Manager of the Company's cement division.

Commenting on the appointment, H.E. Eng. Jamal Salem Al Dhaheri, Chairman of Arkan, said, "With his 24 years of experience at Emirates Cement Factory, and his in-depth industry expertise, Eng. Asad is joining at a time where the Company established its local market leadership and embarks on its next ambitious growth phase. As a proud Emirati Company, Arkan is committed to the economic initiatives of Abu Dhabi government's 2030 vision. His appointment will add value to the senior management team as it expands the Company's local dominance to the region."

Eng. Abdelaziz Asad stated, "It is an honour to assume the role of Chief Operating Officer for Arkan, a leading construction and building materials company in the UAE. Working for more than 24 years for one of Arkan's subsidiaries, I have witnessed the Company's growth and transformation to become a major contributor in the development of the UAE's construction and building materials sector. I am confident that Arkan will go stronger and bolder in the years ahead and look forward to contributing to its bright future."

Eng. Asad, a UAE national, holds a Master of Quality Management (MQM) from the University of Wollongong in Dubai. He received his Bachelor of Science in Electronic Engineering Technology degree from Colorado Technical, U.S.A.


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About Arkan:
Arkan Building Materials Co. PJSC (ADX: ARKAN), is a public joint stock company specialising in manufacturing of building and construction products in the UAE. Established in 2005, Arkan is 51 percent owned by General Holding Corporation (SENAAT), an entity wholly owned by the Government of Abu Dhabi to promote sustainable industrial activity in Abu Dhabi, with the remaining 49 percent of shares listed on the Abu Dhabi Securities Market (ADX).

Arkan's vision is to build a large integrated building products business that serves the local and regional construction industries. Arkan's portfolio companies include Al Ain Cement Factory; the largest cement manufacturer in the UAE with a capacity of 3.1 million tons of clinker per year and 4.5 million tons of cement, Emirates Cement Factory; Emirates Blocks Factories, producer of high quality concrete blocks with locations in Al Mafraq and Al Ain; and ANABEEB, a leading manufacturer of pipes and structural manholes (GRP & PVC) and bags. The company is also commissioning Arkan Dry Mortar, a high-capacity dry mortar plant located in Al Mafraq, which will produce a wide range of dry mix products. Additionally, Arkan actively partakes in building materials investments across the UAE, with a focus on growth opportunities in Abu Dhabi.

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© Press Release 2016

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