Friday 25 July 2014

Former Arabtec CEO Hasan Ismaik reduces shareholding at Dubai builder | The National

Former Arabtec CEO Hasan Ismaik reduces shareholding at Dubai builder | The National:



"The former Arabtec chief executive Hasan Ismaik has sold a small part of his shareholding in the construction company, according to data from Bloomberg. This is the first time he has sold shares since his departure in June.



Mr Ismaik sold 3.5 million shares on Wednesday, reducing his holding to 28.77 per cent of the company.



The shares have a value of about US$4 million at current market prices."



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