Tuesday 23 September 2014
 
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Arabtec Holding

Arabtec appoints internal audit chief

Arabtec Holding, a leading engineering and construction group of companies, has appointed Bassam El Ghawi as chief internal audit officer, reporting to the Board of Directors and the Audit Committee. El Ghawi brings to his new rol

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Arabtec raises $653m via rights issue

Arabtec Holding, a leading Mena construction company specialising in complex projects, has raised Dh2.4 billion ($653 million) via a rights issue of shares. The company issued 1.56 billion new shares at Dh1.50 per share and the ri

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Arabtec appoints new HR officer

Arabtec Holding has announced the appointment of Peter Roche as chief human resource officer to lead the overall strategic direction and business contribution of the human resources department at Arabtec Construction. Roche will l

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Arabtec reports 20pc rise in Q1 revenue

Dubai-based Arabtec, a major contractor specialising in complex projects, posted a 20 per cent rise in revenue during the first quarter of 2013 to Dh1.55 billion ($421.8 million), driven largely by strong performance in Saudi Arabia and Qatar op

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Arabtec appoints new CIO

  Arabtec Holding, a leading construction company in Mena region specialising in complex projects, has appointed Gordon Jack as the company's new chief information officer.    In his new ro

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Arabtec appoints head of M&A

Arabtec Holding, a leading construction company in Mena, has appointed Shohidul Ahad-Choudhury as head of Mergers and Acquisitions and financial advisor to the managing director and CEO of the company. Ahad-Choudhury has been inte

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Arabtec wins $272m Fairmont Abu Dhabi contract

Dubai's Arabtec Holding has won a contract worth more than Dh1 billion ($272.3 million) to construct a Fairmont-branded hotel in Abu Dhabi, the firm's latest win in the emirate where its top shareholder is based. The contr

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Arabtec unit wins $1.3bn Saudi housing project

UAE-based construction firm Arabtec Holding said on Monday it received a SR5 billion ($1.33 billion) order for a two-year housing project in Saudi Arabia. Arabtec Saudi Arabia received a letter of intent from Saudi Binladin Group to build

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Arabtec eyes Azerbaijan contract

Dubai contractor Arabtec Holding is bidding for a major property development in Azerbaijan, a magazine reported on Tuesday, the latest effort to expand overseas to weather a downturn in its home market. Arabtec, which earlier on Tuesday sa

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Aabar offer for Arabtec 'tough to reject'

Aabar Investments' offer to acquire a 70 per cent stake in Arabtec Holding would be difficult to turn down, Deutsche Bank said, and cut its price target on shares of Arabtec to factor in dilution from the deal. 'Refusing an Abu Dha

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