Dubai: Khadem Al Qubaisi, Chairman of Arabtec Holding, this morning denied rumours that the company is planning to delist from the Dubai Financial Market.
Arabtec has never “requested or discussed with the Securities & Commodities Authority to be de-listed,” Al Qubaisi said in a statement.
He added that: “Arabtec will continue to exercise its work activities professionally as usual as a public joint stock company listed on the Dubai Financial.”
Arabtec’s stock this morning was up 2.56 per cent to Dh3.20 at 12:35 pm. The stock has been under tremendous pressure for the past month. The stock had risen as high as 9.88 in May.
Arabtec said it has a solid financial position that qualifies it to achieve its objectives and grow its revenues.
