Ex-Arabtec CEO wants over Dh5 per share


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

News

Email this story Print this page zoomin zoomout

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>>>

© Copyright - Emirates 24|7
comments powered by Disqus

Middle East Stock Markets

Index Last Change %Change
TASI 7,233.40 -19.11 -0.26%
ADI 4,514.26 -25.98 -0.57%
DFMGI 3,586.85 -12.53 -0.35%
QE 9,528.91 -50.25 -0.52%
KSE 6,809.00 -13.18 -0.19%
MSM30... 4,997.360 +2.190 0.04%
ASE... 2,159.77 -0.62 -0.03%

Recent Analyst Actions  >>

or
Company Price Opinion
Bank Muscat 0.52 Buy
Voltamp Energy Co. 0.52 Overweight
Jarir Marketing Co. 142.60 Overweight
Saudi Basic Industries Corp. 90.00 Neutral
Etihad Etisalat Co. 25.00 Neutral

Markets Today Quick Links

×

Get all the latest updates about the GCC & Global Markets directly to your email