Abu Dhabi-based Arkan Building Material Company has secured a Dh1.4 billion loan ($381.16 million) from mainly local banks to refinance existing debt and fund new projects, it said on Wednesday.
The new loan carries a 6-1/2 year maturity a
Arkan Building Material Company, a leading provider of integrated building products and construction materials in the UAE, said it plans to set up a first-of-its-kind lime plant in the region with a capacity of more than 1000 tonnes per day.
UAE-based Arkan Building Material Company said it has started construction of the Dh100 million ($27.2 million) dry mortar plant at Al Mafraq in Abu Dhabi for the production of pre-mixed mortars.
A leading provider of integrated building p