With a definitive agreement now been formally signed, Arkan is poised to execute its ambitious growth plans which will reinforce our market leading position. We would like to thank the participating banks for their overwhelming vote of confidence in the Arkan business model. With the ongoing upturn in the region's construction sector, Arkan is superbly placed to deliver long-term value to our shareholders." -Ends- 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 per cent owned by General Holding Corporation, an entity wholly owned by the Government of Abu Dhabi to promote sustainable industrial activity in Abu Dhabi, with the remaining 49 per cent 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.