Abu Dhabi takes control at Dubai’s Arabtec

Issue 1107 - 16 Jul 2020

Troubled Dubai-based construction firm Arabtec has appointed a figure from Abu Dhabi’s Mubadala Investment Company as its chief. Mubadala deputy group chief executive Waleed Al- Muhairi was named as the new chairman on 5 July, in a statement issued via the Dubai Financial Market, where Arabtec’s shares are traded.

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