{"id":27171,"date":"2016-09-25T23:38:43","date_gmt":"2016-09-25T16:38:43","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/?p=27171"},"modified":"2016-09-25T21:50:25","modified_gmt":"2016-09-25T14:50:25","slug":"high-trading-volumes-for-arabtec-stock-as-new-shareholder-is-revealed","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/high-trading-volumes-for-arabtec-stock-as-new-shareholder-is-revealed\/","title":{"rendered":"High trading volumes for Arabtec stock as new shareholder is revealed"},"content":{"rendered":"


\nTasameem Real Estate, based in Abu Dhabi, has become the second largest shareholder in Arabtec Holding, according to data on Dubai’s stock exchange, replacing the company’s former chief executive Hassan Ismaik.Tasameem, an investment company owned by the UAE’s Deputy Prime Minister Sheikh Mansour bin Zayed, was listed on Sunday as owning an 8.29 per cent stake in the Dubai construction firm. Abu Dhabi’s Aabar Investments is the only other shareholder listed by the exchange, its holding unchanged at 36.11 per cent.Hassan Ismaik, who last week was listed as owning 11.91 per cent of Arabtec, was not listed as a shareholder on Sunday, leading to speculation that he has sold part of all of his shares in the company.Arabtec’s shares had their busiest trading day in more than six months on Sunday, with over 350 million shares changing hands in the closing minutes of trading on the Dubai Financial Market. The company’s shares finished up 1.33 per cent at Dh1.52.The Dubai Financial Market lists shareholders that hold a stake of 5 per cent or more in a company in line with disclosure rules.Mr Ismaik, Arabtec’s former chief executive, raised his stake in the company to 11.91 per cent from 11.81 per cent in February, fuelling speculation he was about to rejoin the firm’s board, a move that was denied by Arabtec.Tasameem Real Estate, the owner of the Hakkasan hospitality group, could not be reached for comment. Representatives for Hassan Ismaik declined to comment.An Arabtec Holding spokesman said that the company abided by the DFM’s rules, and would issue a statement as and when it was required to.jeverington@thenational.aeFollow The National’s Business section on Twitter
\n
\nSource : thenational.ae
\nRead more…High trading volumes for Arabtec stock as new shareholder is revealed<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Tasameem Real Estate, based in Abu Dhabi, has become the second largest shareholder in Arabtec...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-27171","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-74f","jetpack-related-posts":[{"id":41558,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/arabtec-shares-to-be-suspended-from-trading-on-dfm-ahead-of-q4-results-announcement\/","url_meta":{"origin":27171,"position":0},"title":"Arabtec shares to be suspended from trading on DFM ahead of Q4 results announcement","date":"January 23, 2017","format":false,"excerpt":"\r Shares in Arabtec Holding will be suspended from 11.30am pending the release of its fourth quarter earnings statement. A notice from the Dubai Financial Market this morning stated that \"as its Board of Directors meeting is being held today\", the construction firm's shares will not trade until results are\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":41560,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/arabtec-shares-to-be-suspended-from-trading-on-dfm-ahead-of-q4-results-announcement-2\/","url_meta":{"origin":27171,"position":1},"title":"Arabtec shares to be suspended from trading on DFM ahead of Q4 results announcement","date":"January 23, 2017","format":false,"excerpt":"\r Shares in Arabtec Holding will be suspended from 11.30am pending the release of its fourth quarter earnings statement. A notice from the Dubai Financial Market this morning stated that \"as its Board of Directors meeting is being held today\", the construction firm's shares will not trade until results are\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":41568,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/arabtec-shares-suspended-from-trading-on-dfm-ahead-of-q4-results-announcement\/","url_meta":{"origin":27171,"position":2},"title":"Arabtec shares suspended from trading on DFM ahead of Q4 results announcement","date":"January 23, 2017","format":false,"excerpt":"\r Shares in Arabtec Holding have been suspended pending the release of its fourth-quarter earnings statement. A notice from the Dubai Financial Market this morning stated that \"as its Board of Directors meeting is being held today\", the construction firm's shares would not trade from 11.30am until results are disclosed.\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":13138,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/arabtec-looks-to-shore-up-balance-sheet-as-dubai-contractors-losses-narrow\/","url_meta":{"origin":27171,"position":3},"title":"Arabtec looks to shore up balance sheet as Dubai contractor's losses narrow","date":"May 15, 2016","format":false,"excerpt":"\r The contractor Arabtec has said that it is \"looking at ways to enhance its capital structure\" after posting its sixth successive quarterly loss on Sunday.The company said it \"is currently engaged in discussions with Aabar, its largest shareholder, in respect of potential options for cooperation and continues to remain\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":19728,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/arabtec-agrees-dh400-million-debt-facility-provided-by-aabar\/","url_meta":{"origin":27171,"position":4},"title":"Arabtec agrees Dh400 million debt facility provided by Aabar","date":"July 14, 2016","format":false,"excerpt":"\r Arabtec Holding, the country's largest-listed construction company, has agreed a Dh400 million debt facility to be provided by its largest shareholder. In a statement to the Dubai Financial Market, Arabtec said that the loan would be provided by Aabar, the investment fund controlled by the Abu Dhabi government. Arabtec,\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":16008,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/arabtec-to-approach-banks-and-shareholders-for-more-cash\/","url_meta":{"origin":27171,"position":5},"title":"Arabtec to approach banks and shareholders for more cash","date":"June 9, 2016","format":false,"excerpt":"\r Arabtec Holding, the country's biggest-listed construction company, may need to tap shareholders in the future to shore up its balance sheet to bid for more prestigious contracts, according to analysts.Arabtec's board will meet on Monday and discuss plans to talk to shareholders and banks about improving its capital structure,\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/27171"}],"collection":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/comments?post=27171"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/27171\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=27171"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=27171"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=27171"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}