• Register

Ismaik rules out sale of 29% Arabtec stake

: Sunday, June 22 - 2014 @ 01:51

Hasan Ismaik, the former CEO of Arabtec, who abruptly resigned from the company last week, said he has no plans to sell his 28.85% stake, Reuters has reported. “I will keep it,” Ismaik told the news service when asked if he would now seek to offload his stake in Arabtec, which at current market prices is worth about $1.47bn. “I am an investor. I believe in the company, Arabtec has great potential.”

Today's Top Stories

Posted by

Sunday, June 22- 2014 @ 1:51 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.

AME Info Services

Business DirectoryVIEW ALL

Search by name

Search by industry

Browse alphabetically


Search for jobs

Latest Jobs