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Sovereign Wealth Funds Briefing - Categorized | Market

Dubai suspends trading in Arabtec shares

Posted on 18 July 2014

Dubai Financial Market has suspended trading in construction company Arabtec as the country’s regulator beefed up oversight of the company at the centre of the emirate’s rollercoaster ride over the past two months.
Aabar, a unit of an Abu Dhabi sovereign wealth fund, and Arabtec’s second largest shareholder, could buy part of Mr Ismaik’s stake to raise its holding in the builder to more than 30 per cent, Bloomberg reported………………………………………..Full Article: Source


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