Arabtec, the Dubai-listed construction company, has accepted the resignation of three senior members of staff as part of a reorganisation, it said on Wednesday.

It accepted the resignation of Iyad Abdalrahim, group chief financial officer; Yazan Hatamleh, group chief human resources and administration officer; and Wassel Al Fakhoury, group general counsel.

The company has appointed Ravi Murthy as acting group chief financial officer with immediate effect, it said, adding that the moves were part of a reorganisation to achieve cost savings and enhance profitability.

This follows a series of management upheavals at the company since June last year. In May, the board elected Abu Dhabi businessman Mohamed Thani Murshed Ghannam Al Rumaithi as its new chairman, replacing Khadem Abdulla Al Qubaisi.-Reuters