The Dubai Financial Market (DFM) is reviewing what it considers abnormal share price movements in Arabtec Holding before Aabar Investments said last week it would acquire 70 per cent of the company.
Rumours of the deal helped to send Arabtec’s stock more than 30 per cent higher in the two weeks before the planned acquisition was announced.
But shares in the UAE’s largest construction company fell 6.9 per cent yesterday amid investor concerns that the company could be hurt by future losses on contracts as a result of the slowdown in the region’s building industry.
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