(MENAFN- Khaleej Times) Hasan Abdullah Ismaik, the chief executive of Dubai-based construction company Arabtec, has increased his personal stake in the company to more than eight per cent, records on the Dubai bourse website show.
Arabtec has been on an aggressive expansion drive since Ismaik took charge in February after a management shake-up ousted founder Riad Kamal. It announced a plan to launch a joint venture with Samsung Engineering to focus on large energy and power-related projects in the region.
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