Arabtec Denies Merger Talks With Kuwait, Saudi Firms » Gulf Business:
"Dubai-based construction firm Arabtec has denied media reports speculating merger talks with Kuwait’s Combined Group Contracting Co. and Saudi Arabia’s Saudi Oger.
“The company would like to state that there are no discussions to merge with either of the two companies and there are no current plans to do so,” Arabtec said in a statement.
“The company continues to review opportunities in Saudi Arabia and Kuwait and will disclose any developments in line with the regulations of the Dubai Financial Market.”"
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