Arab Today, arab today aabar could seek arabtec control
Last Updated : GMT 16:23:57
Arab Today, arab today
Arab Today, arab today

Aabar could seek Arabtec control

Arab Today, arab today

Arab Today, arab today Aabar could seek Arabtec control

Dubai - Arabstoday

Aabar Investments raising its stake in Arabtec Holding Co may signal its intention to take control of the Dubai builder after pulling a $1.74 billion (Dh6.38 billion) bid two years ago, according to ING Investment Management. Aabar increased its ownership in the UAE\'s biggest construction company to 5.28 per cent, according to data posted on Dubai\'s stock market. The shareholding is listed under Aabar Petroleum Investments Co, which in 2008 sold most of its energy assets to Mubadala Development Co, an investment company owned by the Abu Dhabi government. Emirates Construction Material Co owns a 5.03 per cent stake, the data shows. \"It\'s obvious from an investment size perspective that Aabar will not stop at 5.28 per cent,\" said Yazan Abdeen, who helps oversee about $250 million as a fund manager at ING in Dubai. \"So it has already acquired more and is in the consolidation phase now. I expect this percentage will increase considerably, which will entitle Aabar for control of Arabtec.\" Arabtec has surged 121 per cent this year on speculation investors are accumulating the shares on bets the company will benefit from regional infrastructure spending. That compares with a 28 per cent gain in Dubai\'s DFM General Index. Arabtec shares rose as much as 5.1 per cent to Dh3.68 yesterday before giving up the gains in Dubai. From gulfnews

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today aabar could seek arabtec control Arab Today, arab today aabar could seek arabtec control

 



Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today aabar could seek arabtec control Arab Today, arab today aabar could seek arabtec control

 



Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today Zainab Fadel Oglu designs “Shakerin” mosque

GMT 12:13 2017 Thursday ,11 May

Zainab Fadel Oglu designs “Shakerin” mosque
Arab Today, arab today Seeks to move past rift with Israel

GMT 08:00 2017 Monday ,08 May

Seeks to move past rift with Israel
View News in Arabic - Business: أخبار الشركات
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Girl barred from Malaysia chess competition

GMT 09:49 2017 Tuesday ,02 May

Girl barred from Malaysia chess competition
Arab Today, arab today Mozambique's gas boom dream under threat

GMT 16:29 2017 Monday ,08 May

Mozambique's gas boom dream under threat
Arab Today, arab today Prepares to give stargazers an eyeful

GMT 13:38 2017 Monday ,06 March

Prepares to give stargazers an eyeful
Arab Today, arab today Jaguar displays XF Sportbrake line

GMT 14:36 2017 Monday ,08 May

Jaguar displays XF Sportbrake line
Arab Today, arab today BMW sees forecasts in reach

GMT 09:04 2017 Thursday ,04 May

BMW sees forecasts in reach
Arab Today, arab today Climate science: Bad news gets worse

GMT 08:48 2017 Saturday ,06 May

Climate science: Bad news gets worse
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday