Arabtec seeking acquisitions, to list 40% on Abu Dhabi bourse next year

May 1, 2014 12:13 pm

Hasan Ismaik, managing director and CEO of Arabtec Holding has said the Dubai-based firm is set to carry out a series of acquisitions and mergers with various international companies by 2018, Gulf News has reported. Arabtec Construction, a subsidiary of the company, will be listed on the stock market in Abu Dhabi in 2015, with 40% of shares to be floated, Ismaik said yesterday during the company’s annual general meeting. Details about potential partners for the acquisitions have not been disclosed, but Ismaik said Arabtec is looking at large companies with business in oil and gas and offshore drilling