Lumina is delighted to have acted as lead M&A adviser to the shareholders of Kanoo Group on the sale of BRC Arabia to Easa Saleh Al Gurg Group

Lumina Capital Advisers acted as lead M&A adviser to the shareholders of The Kanoo Group on the sale of BRC Arabia to Easa Saleh Al Gurg Group.

Headquartered in Dubai, BRC Arabia is a leading manufacturer of reinforced steel products, and has been serving the residential, commercial, industrial and infrastructure sectors across the UAE for over 25 years. With a workforce of more than 80 employees, BRC Arabia has forged an enviable reputation as a trusted supplier into many of the UAE’s most iconic projects, including the Yas Marina Formula 1 Circuit, the Sheikh Zayed Grand Mosque and The Dubai Mall.

The Kanoo Group, one of the Middle East’s oldest and most prominent family-owned conglomerates, made a strategic decision on the sale of BRC Arabia as it focuses on its core operations across energy, shipping and logistics. The transaction reflects a broader regional trend, with family groups increasingly pursuing portfolio optimisation strategies to realise value and refocus on core verticals.

Easa Saleh Al Gurg Group, a UAE-headquartered family conglomerate with activities spanning retail, consumer products, building materials and industrials, acquired BRC Arabia as part of its strategy to expand its industrials platform.

The transaction comes on the back of growing M&A activity in the industrials sector as regional operators seek bolt-on acquisitions to bridge capability gaps and consolidate market position. Meanwhile, international entrants into the region seek platforms of scale to execute buy-and-build strategies.

The UAE construction market continues to demonstrate resilience and is forecast to grow at a CAGR of approximately 4.8% between 2025 and 2030, supported by economic diversification initiatives, major infrastructure investment and favourable population dynamics.

Andrew Nichol, Senior Partner, Lumina Capital Advisers, commented, “We are delighted with the successful outcome of this deal and unlocking the right strategic future partner for BRC. Highly sector focused, family led, regional champions continue to be built through both successful market consolidation and organic growth strategies across key sectors, including infrastructure/construction. The Kanoo, BRC and Al Gurg teams were a pleasure to work with and we wish the fantastic team at BRC all the best under its new ownership.”

For further information, please contact Andrew Nichol or Juel Chowdhury.