Abu Dhabi, United Arab Emirates: Emirates Steel Arkan (ADX: EMSTEEL) (the “Group”), one of the largest publicly traded steel and building materials manufacturers in the region, is proud to announce its recognition by the World Economic Forum as one of the top five steel producers worldwide for its pioneering efforts in decarbonizing steel production.

This recognition reflects the company’s commitment and excellence in innovation and sustainability. The company has led the way in adopting innovative technologies, such as becoming the first steel company to capture CO2 emissions and initiating the first green hydrogen steel pilot project in the MENA region with Masdar. This initiative is part of a larger strategy that involves clean energy utilization, higher use of scrap and recyclables, and carbon capture technologies.

ESA is actively reducing the climate and environmental impact of the steel and building materials industry through focusing on five key pillars: fostering integration to the circular economy, maximizing energy efficiency, accelerating adoption of clean energy, enhancing value chain sustainability, and harnessing innovation.

Emirates Steel Arkan takes great pride in its significant role in addressing climate change and safeguarding the planet for future generations. Sustainability lies at the core of ESA's operations, permeating through its policies, procedures, partnerships, and projects, further driving the Group to make a positive impact on the environment and create a sustainable future for all. The Company remains committed to leading the industry towards a greener future and contributing to the UAE’s vision of achieving net-zero emissions.

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About Emirates Steel Arkan (ESA)

Emirates Steel Arkan (the Group) is a public joint stock company (ADX: EMSTEEL) and the UAE’s largest steel and building materials manufacturer. The Group leverages cutting-edge technologies to supply both the local market and more than 70 international markets with high-quality finished products, creating a one-stop shop for the manufacturing and construction sectors.

Emirates Steel Arkan is committed to contributing to the UAE's industrial strategy ‘Operation 300 billion’ by delivering market-leading products to support local industries, creating job opportunities for UAE Nationals, and enhancing its sustainable practices. The Group is also among the leading decarbonized steel manufacturers in the world and is recognized for its world-class safety performance.

The Group’s steel and building materials have been used in some of the UAE’s most iconic construction projects, including the Burj Khalifa, Emirates Palace, Etihad Towers, Yas Island, and more.

Emirates Steel Arkan is majority owned by ADQ, one of the region’s largest holding companies with a broad portfolio of major enterprises spanning key sectors of Abu Dhabi’s diversified economy.

For more information, please visit our website: www.emiratessteelarkan.com