3 Major Gulf Deals That Have Impacted Local Markets

Posted on 11/15/2014


Aabar Investments, a unit of International Petroleum Investment Company (IPIC), has boosted its stake in Dubai-listed Arabtec Holding to about 35% by acquiring shares from the company’s former CEO Hasan Ismaik for US$ 963 million. Aabar had owned 18.94% of Arabtec before the deal. Arabtec is noted for its work as a contractor on Dubai’s […]