Arabtec’s woes punished the Dubai Financial Market (DFM)again on Tuesday. The company issued a statement to the DFM on Wednesday in which Khadem Al Qubaisi, Chairman, confirmed that the company is proceeding with its construction projects. The statement said ‘Arabtec will continue to focus on the highest levels of transparency and disclosure to protect the shareholders’ and investors’ interests’. However, with Arabtec’s shares limit down again on Tuesday, the limited information actually conveyed may not be enough to halt the slide in the construction group’s share values.
Wednesday 25, June 2014 by Robin Amlôt