"Arabtec Holding Co. (ARTC) plans to pay dividend from this year after skipping it in 2012 as the company, which helped build the world’s tallest tower in Dubai, starts work on projects in the Middle East.
Arabtec will pay at least a 10 percent dividend a year from 2013, the Dubai-based the company said in a statement to the local stock market today. The shares have a par value of 1 dirham and a 10 percent payout would equal 10 fils a share, according to data compiled by Bloomberg.
“We are now starting work on several major projects, so the company should see a positive impact on earnings toward the end of the year,” Chief Executive Office Hasan Ismaik said in the statement. “The company is in a very strong position to leverage an extended period of increased activity across the region.”"
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