Ismaik rules out sale of 29% Arabtec stake

June 22, 2014 1:51 am


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.”

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