Emirates Steel Arkan, the largest publicly-traded steel and building materials company in the UAE, has announced that it will soon roll-out a new operating model, designed to leverage the combined strengths of its steel and building materials businesses, and align its efforts to realise the organisation’s vision and strategic ambitions.
The new operating model creates two separate business units: Emirates Steel and Emirates Building Materials.
Emirates Steel and Emirates Building Materials will each have their dedicated leadership to focus on driving growth within their respective units, who will be reporting directly to Emirates Steel Arkan Group CEO, Engineer Saeed Ghumran Al Remeithi.
Saeed Al Ghafri will lead the Emirates Steel business as CEO, while Saeed Al Dhaheri will lead the Building Materials business as Acting CEO and VP Commercial.
Engineer Saeed Ghumran Al Remeithi said: “We carefully considered the most effective way to enable the company to leverage the combined strengths and synergies of Emirates Steel and Building Materials to realise our strategic ambitions and growth aspirations. The result of that work is a new operating model designed to propel us forward, optimise our operations, and pave the way for future success.
“The new operating model will also be guided by our new unified values, People, Accountability, and Innovation, based on the ‘one team mentality’ culture, which will enable us to deliver our strategic goals effectively and efficiently while providing more opportunities for our people to thrive.”
He added that the new business units will also be supported by centralised hubs for finance, human capital, technology, strategy and transformation, as well as a dedicated projects division.
Emirates Steel and Arkan Building Materials had previously merged in 2021 to form Emirates Steel Arkan. Since then, the combined entity has embarked on a transformation journey in order to unify and streamline departments, with an emphasis on prioritising people’s safety at key manufacturing sites. The business also identified core efficiencies across its operations, strengthened its financial standing and developed a powerful decarbonisation roadmap to reach Net Zero emissions by 2050.
