(MENAFN- The Arabian Post) Arabtec said its board accepted the resignation of acting chief executive Mohamed al-Fahim and appointed a replacement.
The loss-making firm, whose largest shareholder is Abu Dhabi state fund Aabar, appointed Saeed al-Mehairbi as its new acting chief executive, it said in a bourse announcement.
The company has been in trouble for the past 18 months after former chief executive and then biggest shareholder Hasan Ismaik quit in the wake of a dispute between Aabar, while other senior staff left with him.
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