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Monday, 23 January 2017

Arabtec shares suspended from trading on DFM ahead of Q4 results announcement | The National

Arabtec shares suspended from trading on DFM ahead of Q4 results announcement | The National:

"Shares in Arabtec Holding have been suspended pending the release of its fourth-quarter earnings statement. A notice from the Dubai Financial Market this morning stated that "as its Board of Directors meeting is being held today", the construction firm’s shares would not trade from 11.30am until results are disclosed. The meeting is being held in Abu Dhabi at the offices of the parent company of Aabar, which is the largest shareholder in Arabtec, with a 36 per cent stake. EFG Hermes expects Arabtec’s losses to narrow in the fourth quarter of 2016 compared to a year earlier, according to Reuters."



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