Arabtec

Arabtec in the focus at Dubai market amid top level reshuffle

: Wednesday, April 02 - 2014 @ 17:08

The Dubai Financial Market General Index (DFMGI) gained for the fourth consecutive session closing 1.23 per cent higher at 4,576.31 points on Wednesday, April 2. Emaar slipped by 0.50 per cent to AED10.05.

Arabtec Holding jumped by two per cent to AED6.14. Earlier in the day, Arabtec said it appointed Dr Nabil Ailabouni as CEO of Arabtec construction. He replaces Sami Asad, who has been reassigned as CEO of Arabtec Egypt for Real Estate Development, a newly formed wholly owned subsidiary of Arabtec, which will engage in a host of major projects in Egypt. “Sami will be in charge of the one million housing units that Arabtec will develop and construct in 13 different locations across Egypt,” says Arabtec. Kuwait logistics giant, Agility, dived by 9.77 per cent to AED9.70. Trading volumes edged up, as 1.026 billion shares changed hands, valued at AED2.274 billion.

 

Gérard Al-Fil

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Wednesday, April 2- 2014 @ 17:08 UAE local time (GMT+4) Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of Mediaquest FZ LLC.

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