Arabtec Head of M&A Said to Have Been Fired Amid Staff Cuts - Bloomberg

Arabtec Head of M&A Said to Have Been Fired Amid Staff Cuts - Bloomberg:



"Arabtec Holding Co. (ARTC)’s head of mergers and acquisitions, Shohidul Ahad-Choudhury, has been dismissed following the resignation of Chief Executive Officer Hasan Ismaik, a person familiar with the situation said. 




Hundreds of employees at the United Arab Emirates’ largest construction company, including a number of managers, have also been fired since Ismaik’s departure, according to three people familiar with the situation who asked not to be identified because the information is private.



Ahad-Choudhury, a former Deutsche Bank AG executive, joined Arabtec in March 2013. Calls to his personal mobile yesterday were not returned, while a number listed on his business card was out of service. A public relations executive for Arabtec in Abu Dhabi declined to comment on the dismissals when contacted by phone."



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