Ismaik cuts Arabtec stake

: Sunday, July 27 - 2014 @ 06:40

Hasan Ismaik, the former chief executive of Arabtec, has cut his stake slightly in the group by selling around $4m worth of the Dubai construction company’s shares, Reuters has reported. Ismaik cut his stake to 28.77% from 28.85%, according to the website of the Dubai Financial Market. Ismaik, who earlier this week declined to comment on his stake, remains the biggest shareholder in Arabtec.

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Sunday, July 27- 2014 @ 6:40 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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