Friday 30 January 2015
 
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Aabar

Aabar to tighten grip on Dubai builder Arabtec

A subsidiary of Aabar Investments has received regulatory approval to buy a further 100 million shares in Arabtec, strengthening the Abu Dhabi state-run fund's hold on the Dubai-listed builder, according to a bourse filing on Monday.

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ManCity Women’s Football Club in new deal with aabar

Manchester City’s official club partner Aabar Investments has entered into a new deal with the club’s women’s team, Manchester City Women’s Football Club (MCWFC). As part of the agreement, Aabar will sponso

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Ex-Arabtec chief plans sale of remaining stake

The former chief executive of Dubai-listed construction firm Arabtec Holding plans to sell his remaining stake in the company, a source with knowledge of the matter told Reuters on Wednesday. However, Hasan Ismaik will only offloa

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Arabtec Q3 net profit plunges 32pc

Dubai's largest contractor Arabtec reported a 32 per cent drop in third-quarter net profit on Sunday, missing analysts' estimates by a wide margin as general expenses nearly doubled from a year earlier. The builder, in whi

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Abu Dhabi fund Aabar ups Arabtec stake to 34.9pc

Abu Dhabi state fund Aabar Investments raised its stake in Dubai-listed construction firm Arabtec to 34.93 per cent from 18.94 per cent with an off-market trade on Tuesday, the bourse said in a statement. The trade, which made Aab

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Aabar buys 5.1pc stake in Egypt's Palm Hills

UAE’s state-run Aabar Investments has acquired a 5.1 per cent stake in Egypt's second-largest listed real estate developer Palm Hills, the Abou Rawash-headquartered company said in a statement on Sunday. Palm Hills is va

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Abu Dhabi fund holding off on Virgin Galactic decision

The Abu Dhabi fund, which owns a major stake in British commercial spaceflight company Virgin Galactic, will wait for results of the probe into last week's fatal crash before deciding on its commitment to the project, a source with knowledge

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Aabar seeks amplified role in $22bn Malaysia banking deal

Abu Dhabi state fund Aabar Investments is demanding a hefty premium for its minority stake in Malaysia's No.4 bank, sources say, as the Abu Dhabi state fund leverages on its amplified role in a $22 billion merger that will create Southeast A

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Arabtec unaware of stake sale by ex-CEO

Dubai contractor Arabtec Holding said on Tuesday it was unaware of any stake sale agreement between its largest shareholders following reports that the company's former chief executive was about to sell at least part of his stake.

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Arabtec ex-CEO agrees to sell stake to Aabar

Arabtec's former chief executive Hasan Ismaik has agreed in principle to sell at least part of his stake in the Dubai-based construction firm to Abu Dhabi state fund Aabar Investments, a source close to Ismaik said on Monday.

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