Ismaik receives three offers for his Arabtec stake | Ismaik receives three offers for his Arabtec stake -
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Ismaik receives three offers for his Arabtec stake

: Wednesday, June 25 - 2014 @ 04:28

Hasan Ismaik, the former chief executive of Arabtec Holding has said he has three offers for his 28.85% stake but is looking to sell his holding in the Dubai contractor for more than Dhs6 per share, Reuters has reported. Ismaik, who resigned as head of the firm last week, has offers are from government entities and an international construction firm, he said without naming them. “If the offer is more than Dhs6 or Dhs7 a share, maybe I will sell,” Ismaik told the news service. “If I don’t get the right price, I will keep it. I believe the company will come back,” he added.

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Wednesday, June 25- 2014 @ 4:28 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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