![An investor monitors a screen displaying stock information at the Abu Dhabi Securities Exchange June 25, 2014. The spectacular rise and fall of Arabtec, Dubai's most heavily traded stock, teaches hard lessons about how risky the region remains for investors even as its rapid economic growth lures billions of dollars in fresh funds from abroad. Wild trading by local retail investors who dominate activity, plus weak corporate disclosure and a hands-off approach by regulators, can make a toxic mix, and on occasion destabilise entire markets. REUTERS/Stringer (UNITED ARAB EMIRATES - Tags: BUSINESS) - GM1EA6P1SB001](https://thenational-the-national-prod.cdn.arcpublishing.com/resizer/v2/WSPGQVZCTWSY2PI4P6WKZQLP7U.jpg?smart=true&auth=c7fe69a5d3c16281e93d514cc43d397112dec6e6aea6d2a1fb79fd44803b8ddc&width=400&height=225)
Abu Dhabi-listed Arkan Building Material Company has received an offer from Senaat to combine its assets with Emirates Steel. Reuters
Abu Dhabi-listed Arkan Building Material Company has received an offer from Senaat to combine its assets with Emirates Steel. Reuters
Abu Dhabi's Senaat offers to combine Emirates Steel with Arkan to create $3.54bn entity
Under the terms of the proposed deal, Senaat would transfer Emirates Steel to Arkan for a convertible instrument