Sunday 27 June 2010

MIDEAST STOCKS-Abu Dhabi's Aabar falls on delisting plan | Markets | Reuters


Abu Dhabi's Aabar Investments (AABAR.AD: Quote) tumbled on Sunday after setting the date for a shareholder meeting to discuss de-listing the firm.

Middle East markets fell as an end-of-week surge in oil prices failed to outweigh gloom over declines in world equities following fresh doubts about a global economic recovery.

Aabar lost 7.1 percent. The world's only listed sovereign wealth fund has called a July 26 shareholder meeting to debate plans to convert into a joint stock company.

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