Published: Aug 27, 2014
Source: Emirates 24|7

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Ex-Arabtec CEO wants over Dh5 per share

A former chief executive of Dubai construction firm Arabtec said he was in talks on selling some of his stake to Abu Dhabi's Aabar Investments and wanted over Dh5 per share, a level about four per cent above the current market price.

Arabtec's shares are among the most heavily traded in Dubai and their fate is pivotal for the entire bourse. When management turmoil at the company caused a 70 per cent tumble of its stock price between mid-May and early July, there was panic selling across the market - By Reuters. Read more>>>

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