12/01/2016 16:05 AST

Arkan Building Materials Company (Arkan), a leading construction and building materials company in the UAE, has appointed Abdelaziz Asad as its new chief operating officer.

Asad, a UAE national, started his career in 1991 with one of Arkan's subsidiaries, Emirates Cement Factory. He joined as an electrical engineer, and quickly advanced within the organisation, becoming the general manager of the company's cement division, said a statement from Arkan.

In his new role, Asad will be reporting directly to the CEO Abdellatif Sfaxi.

Commenting on the appointment, Jamal Salem Al Dhaheri, the chairman of Arkan, said: "With his 24 years of experience at Emirates Cement Factory, and his in-depth industry expertise, Asad joins at a time when the company embarks on its next ambitious growth phase after establishing its local market leadership."

"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," he added.

He is a holder of Master of Quality Management (MQM) degree from the University of Wollongong in Dubai. He received his Bachelor of Science in Electronic Engineering Technology degree from Colorado Technical, US.

Asad said: "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," he added.


Trade Arabia

Emsteel launches new programme to expand product portfolio

27/02/2025

Emsteel, one of the largest publicly traded steel and building materials manufacturers in the region, has announced the launch of its Asset Enhancement Programme - a strategic initiative with a CapEx

Trade Arabia

Arkan posts a net profit of Dh30.2m for 2017

16/02/2018

Arkan Building Materials Company posted a net profit of Dh30.2 million for 2017 compared to a loss of Dh82.3 million in the previous year.

The company attributed increase in profits to ass

Gulf News

UAE group Arkan approves 49pc foreign ownership

24/10/2016

UAE-based Arkan Building Materials Company said it has won approval from the board of directors to open up its share register to foreign ownership.

A leading construction materials company

Trade Arabia

Ticker Price Volume
EMSTEEL Sector Market
P/E
Price/BookValue
Dividend Yield (%)
Relative Strength
  • 1-Month
  • 3-Month
  • 1-Year
Volume Change
  • 10D Avg Vs 90D Avg
Price Vs…
  • 52-w high
  • 50-day moving avg.
  • 200-Day Moving Avg
Ticker Price Change
ALPHADHABI 10.92 -0.12 (-1.09%)
IQCD 12.49 -0.08 (-0.64%)
ADNOCLS 4.43 0.05 (1.14%)
ADPORTS 3.92 -0.01 (-0.26%)
NMDC 23.14 -0.54 (-2.29%)
Dubai's Emirates NBD clears Dh1 trillion balance-sheet milestone in Q1-2025

22/04/2025

Emirates NBD's profit before tax stirred up a sharp 56% quarter-to-quarter growth to Dh7.8 billion for the first three months of 2025. The key fundamentals - 'lending momentum, improvement in deposit

Gulfnews

NBK reports a net profit of KD 134.1 million for Q1 2025

22/04/2025

National Bank of Kuwait (NBK) has announced its financial results for the three-month period ended March 31, 2025. The Bank reported a net profit of KD 134.1 million ($434.8 million), compared to KD

Kuwait Times

Boubyan Bank records KD 26.5 million in net profit for Q1, 2025, an increase of 6%

22/04/2025

Boubyan Bank has announced its financial results for Q1 of this year. The bank recorded KD 26.5 million in net profits at a growth rate of 6 percent compared with the same period of the past year, wi

Kuwait Times

Zain Kuwait, one of the first mobile operators in region to achieve ISO 37301

22/04/2025

Zain, Kuwait's leading digital services provider, has been awarded the ISO 37301:2021 certification an internationally recognized standard for Compliance Management Systems (CMS).

As one of

Kuwait Times

QNB Group broadens funding sources, open to future opportunities

22/04/2025

QNB Group, the largest financial institution in the Middle East and Africa, stated that the recently announced $2bn unsecured syndicated term loan facility aims at extending the bank's financing matu

QNA