Tuesday 26 August 2014

Dubai regulator’s suspension of Depa shares is legacy of Arabtec troubles | The National

Dubai regulator’s suspension of Depa shares is legacy of Arabtec troubles | The National:



"Arabtec continues to cast a shadow over Dubai markets, months after the departure of its former boss. Now its influence over another listed construction company has attracted the scrutiny of regulators.



The Dubai financial regulator yesterday suspended the shares of the interiors specialist Depa in a row over the composition of its board of directors – half of whom came from Arabtec.



The Dubai Financial Services Authority halted trading in the stock on the Nasdaq Dubai from 10am Monday until further notice."



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