Arabtec Plunges as Dubai Bourse Amends Aabar Stake: Dubai Mover - Bloomberg:
"Arabtec Holding Co. (ARTC) dropped the most allowed as the Dubai exchange said Aabar Investments PJSC cut its stake in the United Arab Emirates’ biggest publicly-traded construction company for a second time in a week.
The shares plunged 10 percent to 4.5 dirhams at the close. Data on the Dubai Financial Market website showed Abu Dhabi’s state-controlled Aabar cut its stake in Arabtec to 14.32 percent today from 18.85 percent as of June 11. The website later updated the holding to 18.94 percent.
A spokesman for the bourse confirmed Aabar’s current holding and said he wasn’t immediately able to comment on the figures earlier displayed on the website. The Dubai exchange posted a notification to investors after the market closed, reiterating that Aabar’s stake is 18.94 percent."
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