Arabtec’s change of guard played out on stock market | GulfNews.com:
"After the extreme volatility that Arabtec’s share price has been through in recent days, the manner of Hasan Ismaik’s exit as the CEO was quite subdued in its intensity.
A terse statement that he had handed in his resignation but that he will not go into any of the details as to what forced his hand was all that the media could get from Ismaik on a day when Arabtec was holding a board of directors’ meeting. The board immediately confirmed that Mohammad Al Fahim will take over the role of the acting CEO. It was in February last year that Hasan Ismaik took over from Arabtec’s long serving CEO Riad Kamal.
The share had been through a see-saw ride in recent weeks — soaring to Dh9 a share plus and dropping to just over Dh4 in a matter of days. Such a movement is unprecedented in the annals of UAE’s stock markets."
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