Ismaik cuts Arabtec stake
27/07/2014 6:40 am EDT

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Hasan Ismaik, the former chief executive of Arabtec, has cut his stake slightly in the group by selling around $4m worth of the Dubai construction company’s shares, Reuters has reported. Ismaik cut his stake to 28.77% from 28.85%, according to the website of the Dubai Financial Market. Ismaik, who earlier this week declined to comment on his stake, remains the biggest shareholder in Arabtec.

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