Arabtec Holding on Monday denied reports that shareholder Aabar Investments had taken a majority stake in the builder, saying the Abu Dhabi fund's current position was only 20.8 percent.
Shares in Arabtec, the United Arab Emirates' biggest builder by market value, slumped a day earlier on fears it may de-list after an official at the Dubai Financial Market told Reuters the state-owned fund had raised its stake to 53 percent.
That followed an Arabic daily report which quoted Aabar's chairman - who was appointed to the same post at Arabtec last week - as saying the fund owns the majority stake.
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