Now that Arabtec has fallen under the control of Aabar, the spotlight falls once again on the regulations that govern the stock markets in the UAE, financial professionals said yesterday.
Industry insiders have called for greater transparency in reaction to the revelation that Aabar has built up a 53 per cent stake in Arabtec, with the news appearing in Alrroya, a newspaper owned by the Dubai Government, rather than on the Dubai Financial Market (DFM).
The DFM remained silent on the issue yesterday, preferring to make unattributable comments to the effect that an official announcement was likely to be made today.
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