Aabar not to up Arabtec stake

Aabar Investments will not increase its current 21 per cent stake in Arabtec Holding,  according to the Managing Director of Arabtec Holding, Hasan Abdulla Ismaik, in statements to Abu Dhabi TV.
"Aabar's  stake is supportive to Arabtec but they have not applied for an increase of their stake," Ismaik said.
"He also said Arabtec Holding seeks to preserve liquidity and does not want to borrow and be under burdens," he added.
Arabtec Holding will enter infrastructure sector in addition to oil and gas sector to increase its chances of getting new projects in the Gulf in particular, he noted.


Print Email