Aabar reduces Arabtec stake
The UAE’s biggest publicly traded construction firm, Arabtec Holding has said it hasn’t asked to leave the Dubai bourse, Bloomberg has reported. Meanwhile, Abu Dhabi-controlled Aabar Investments, the builder’s second-biggest shareholder, cut its holding in Arabtec to 18.85% from 21.57%. Aabar consolidated its Arabtec shares under a single holding. The stake had previously been held by its energy, petroleum and real estate investment units.