arabtec

Aabar studying whether to boost Arabtec stake

: Thursday, July 03 - 2014 @ 03:39

Abu Dhabi’s state-owned Aabar Investments has said it is considering whether to increase its stake in Dubai construction company, Arabtec Holding after announcing last month it had cut its holding, Bloomberg has reported. “Arabtec is an important company to Aabar, and in the future we will review the stake we own in Arabtec in a positive way for the company,” Khadem Al Qubaisi, chairman of both companies, told reporters in Abu Dhabi. The investment is a “strategic” one for Aabar, he said.

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Thursday, July 3- 2014 @ 3:39 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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