Arkan appoints new Board of Directors at AGM

The AGM approved the Board of Director's Report and the report of the company's auditors for the financial year ending 31 December 2020, as well as the balance sheet and profit and loss accounts for the same period


Abu Dhabi, United Arab Emirates: Arkan Building Materials Co. PJSC (ADX: ARKAN) (“Arkan” or “the Company”), a leading construction and building materials company in the UAE, appointed a new Board of Directors at the Annual General Meeting (AGM) held virtually on Thursday, 22 April 2021.   

The new Board of Directors comprises HE Eng. Jamal Salem Obaid Salem Al Dhaheri, HE Mabkhoot Taleb Nehais Aamer Al Menhali, HE Mubarak Hethaila Saeed Mohamed Al-Mansoori, HE Eng. Mubarak Obaid Khamis Abdulla Al Dhaheri, HE Khalfan Saeed Mohamed Abdulla Al Qemzi, HE Mohammed Ali Abbas Abdulla Al Fahim and HE Khalifa Saif Darwish Ahmed Al Ketbi.

The AGM was chaired by HE Eng. Jamal Salem Al Dhaheri, Chairman of Arkan, who discussed Arkan’s continued efforts to optimise its business model to withstand the challenging market conditions deepened by the COVID-19 pandemic and significant indebtedness of the Company.

The AGM approved the Board of Director’s Report and the report of the company’s auditors for the financial year ending 31 December 2020, as well as the balance sheet and profit and loss accounts for the same period.

Deloitte & Touche was re-appointed as Arkan’s auditors for the 2021 fiscal year.

HE Eng. Jamal Salem Al Dhaheri, Chairman of Arkan said: “The pandemic has had a profound impact on the construction and building materials sector, and we have taken substantial measures to adapt to the new market reality and return Arkan to profitability. Our strategic priorities in the next phase of recovery are to lower the Company’s leverage levels and reposition the business towards long-term sustainable growth.

“I would like to take this opportunity to congratulate the new board members and thank Arkan’s previous board members for their contribution to the Company’s growth. I would also like to extend gratitude to the UAE’s wise leadership for their continued guidance and vision and for setting a clear path for the development of the economy. Last but not least, I would like to thank our management team and employees for their resilience and dedication over the past year.”


For investor relations enquiries, please contact:
Brunswick Group
Phone: +971 (0)2 234 4600 / +971 (0)4 560 9600

About Arkan

Arkan Building Materials Co. PJSC (ADX: ARKAN), is a public joint stock company specialising in the manufacturing of building and construction products in the UAE. 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 the Al Ain Cement Factory, Emirates Blocks Factories, ANABEEB and Arkan Dry Mortar. Through Senaat, Arkan is part of ADQ, one of the region’s largest holding companies with a broad portfolio of major enterprises spanning key sectors of Abu Dhabi’s diversified economy.

For more information, please visit our website: 

Send us your press releases to

© Press Release 2021

Disclaimer: The contents of this press release was provided from an external third party provider. This website is not responsible for, and does not control, such external content. This content is provided on an “as is” and “as available” basis and has not been edited in any way. Neither this website nor our affiliates guarantee the accuracy of or endorse the views or opinions expressed in this press release.

The press release is provided for informational purposes only. The content does not provide tax, legal or investment advice or opinion regarding the suitability, value or profitability of any particular security, portfolio or investment strategy. Neither this website nor our affiliates shall be liable for any errors or inaccuracies in the content, or for any actions taken by you in reliance thereon. You expressly agree that your use of the information within this article is at your sole risk.

To the fullest extent permitted by applicable law, this website, its parent company, its subsidiaries, its affiliates and the respective shareholders, directors, officers, employees, agents, advertisers, content providers and licensors will not be liable (jointly or severally) to you for any direct, indirect, consequential, special, incidental, punitive or exemplary damages, including without limitation, lost profits, lost savings and lost revenues, whether in negligence, tort, contract or any other theory of liability, even if the parties have been advised of the possibility or could have foreseen any such damages.

More From Press Releases