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12-06-14

Abu Dhabi's Aabar Investments to cut its stake in Arabtec

(MENAFN) Abu Dhabi's stock exchange said that Aabar Investments plans to cut its stake in Dubai builder Arabtec, according to Arabian Business. Aabar has already paid USD225.32 million in purchasing 21.6 percent stake in Arabtec in 2012 despite its failure in the earlier takeover bid. Later on Wednesday, Dubai's stock exchange said that Aabar had cut its stake in Arabtec to 18.85 percent since Sunday.