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Ismaik raises Arabtec stake

May 31, 2014 1:13 am

Dubai-based construction firm, Arabtec has said its chief executive, Hasan Ismaik, has increased his personal stake in the firm from 8.03% to 21.46%, Reuters has reported. Ismaik bought the shares directly from the market because of “his strong belief in the company’s sound strategy and high potentials, Arabtec said.