Top politicians and industry officials want regulators to tighten rules on disclosure relating to takeovers in the wake of Aabar Investments' purchase of Arabtec Holding stock.
The call came as Arabtec revealed yesterday Aabar was continuing to build a stake in the company by degrees.
The Financial Services Association (UAE), a trade body representing financial firms, has called on regulators to re-examine market rules that allowed Aabar Investments to become the largest single holder of the construction giant Arabtec's stock without alerting markets until Monday.
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