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29-05-14

Arabtec sells shares to its chief executive

(MENAFN) The chief executive of Arabtec Holding has recently purchased more shares in Arabtec, totaling 21.46 percent, according to the Emirates 24/7. A statement from the firm said that Hasan Ismaik increased his stake in the market because of "his strong belief in the company's sound strategy and high potentials" His previous holding was 8.03 percent, while the company's sahres dropped by 5.4 percent on Wednesday.