Tasameem becomes second largest shareholder of Arabtec
Abu Dhabi-based Tasameem Real Estate LLC has replaced former Chief Executive Officer Hasan Ismaik as the second-biggest stakeholder of Arabtec Holding. The company, owned by Sheikh Mansour bin Zayed Al Nahyan, now owns 8.29% of Arabtec. Ismaik, who retained almost 12% stake last week, is no longer on the list of the company’s biggest shareholders. Aabar Investments is currently the contractors largest shareholder. (Bloomberg) Arabtec (DU): AED1.52 as of 25 September 2016, Rating: Sell, FV: AED1.03 per share, MCap: USD1,911mn, ARTC UH / ARTC.DU
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