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Arabtec shares halted amid release of Q4 results

The company will be holding its Board of Directors meeting in Abu Dhabi on Monday, and therefore shares would not trade from 11.30am until results are disclosed

Arabtec shares would not trade from 11.30am until results are disclosed.
Arabtec shares would not trade from 11.30am until results are disclosed.

Dubai-based construction firm Arabtec Holding will have its shares suspended on Monday as the Dubai Financial Market awaits the release of the company’s fourth-quarter earnings.

The company will be holding its Board of Directors meeting in Abu Dhabi at the offices of its parent company Aabar, and therefore shares would not trade from 11.30am until results are disclosed, according to The National.

Aabar is the largest shareholder in Arabtec, owning a 36% stake.

In the meeting, the board will approve results for the quarter to end December 2016, as well as for the full year, said a statement on the company’s website.

Last week, it was reported that Arabtec contributed to 28% of total volume of $408m (AED1.5bn) on the Dubai Index.


 

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