{"id":43353,"date":"2017-02-08T17:56:00","date_gmt":"2017-02-08T10:56:00","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/?p=43353"},"modified":"2017-02-08T16:59:40","modified_gmt":"2017-02-08T09:59:40","slug":"arabtec-announces-second-board-meeting-of-the-year","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/arabtec-announces-second-board-meeting-of-the-year\/","title":{"rendered":"Arabtec announces second board meeting of the year"},"content":{"rendered":"


\nArabtec has announced that it will be holding its second board meeting of the year on February 12 to discuss its 2016 results, the UAE’s largest listed construction company said in a statement to the Dubai Financial Market this morning. Arabtec’s shares were suspended on the DFM on January 23 as the company’s board of directors met for the first time this year, with many analysts expecting that the company would publish its results shortly afterwards. The results were not published and were trading again the following day. Arabtec reported an annual net loss of Dh2.34 billion in 2015 on the back of a revenue of Dh7.25bn.It has reported quarterly losses for the past two years as the company has struggled to cut huge costs amassed during a rapid expansion two years earlier. During the tenure of Hasan Ismaik, who was the company’s chief executive between 2012 and 2014, Arabtec expanded rapidly, announcing an ambitious list of projects around the world amid plans to become one of the world’s 10 biggest builders – an exponential jump from its global ranking of 187 in 2012. In mid-2014, when Mr Ismaik left the company, Arabtec shares plummeted, forcing the company to get rid of hundreds of staff, including most of its senior executives. In November, Arabtec appointed Hamish Tyrwhitt, the chief executive of the global interior solutions company Depa, as its new chief executive as the company attempted to signal that it had turned a corner. Arabtec shares stood at Dh1.38 at noon on Wednesday, down from Dh1.39 at close the day before.lbarnard@thenational.ae Follow The National’s Business section on Twitter
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\nSource : thenational.ae
\nRead more…Arabtec announces second board meeting of the year<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Arabtec has announced that it will be holding its second board meeting of the year...<\/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-43353","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-bhf","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":43353,"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":43353,"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":43353,"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":47203,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/arabtec-holding-to-seek-approval-for-annual-general-meeting-over-rights-issue\/","url_meta":{"origin":43353,"position":3},"title":"Arabtec Holding to seek approval for annual general meeting over rights issue","date":"March 8, 2017","format":false,"excerpt":"\r Arabtec Holding's board will meet on Sunday to discuss when it will next update shareholders on its turnaround programme, including a Dh1.5 billion rights issue to wipe out accumulated losses, the Dubai-listed contractor said yesterday. This will be its third board meeting of the year. The company is proposing\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":48772,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/arabtec-holdings-board-to-meet-on-tuesday-to-review-results\/","url_meta":{"origin":43353,"position":4},"title":"Arabtec Holding's board to meet on Tuesday to review results","date":"March 19, 2017","format":false,"excerpt":"\r Arabtec Holding's board is set to meet on Tuesday to discuss the company's financial results for 2016 \u2014 a year in which it reported a preliminary loss of Dh3.4 billion.Subject to the board's approval, the company should then publish both its audited financial accounts and details of the pricing\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":5340,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/dubai-contractor-arabtec-announces-loss-of-dh2-3-billion-for-2015\/","url_meta":{"origin":43353,"position":5},"title":"Dubai contractor Arabtec announces loss of Dh2.3 billion for 2015","date":"February 21, 2016","format":false,"excerpt":"\r \r The Dubai contractor Arabtec has this morning announced a full-year loss of Dh2.3 billion.It said in a statement to the Dubai Financial Market that revenues of Dh7.3bn were down 12 per cent from Dh8.3bn in 2014, and its full year results compared with a profit of Dh215 million\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\/43353"}],"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=43353"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/43353\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=43353"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=43353"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=43353"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}