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FINANCIAL NEWS
Arabtec plans merger with Saudi, Kuwaiti contractors
23 Aug 2013
(MENAFN) Chief executive of Arabtec Holding, Hasan Abdullah Ismaik, said that the UAE-based company plans a merger with top contractors in Kuwait and Saudi Arabia, Times of Oman reported.
The construction company, in 2009, launched a subsidiary in Saudi Arabia with Prime International Group Services and Bin Laden Group. It is also working on two contracts with Combined Group in Kuwait.
The company earned USD653 million in a rights issue in July and announced that this will be used to boost its oil and gas installation and housing businesses.
More News
13 Apr 2026
BBK launches the Youth Advisory Council (YAC) to empower youth and advance innovation
08 Apr 2026
BBK awards over BD 1 Million to 273 winners in the February Al Hayrat Grand Prizes draw
01 Mar 2026
BBK activates partial remote working system for its workforce to ensure employee and customer safety and service continuity
24 Feb 2026
BBK discloses its financial results for the year ended 31st December 2025
05 Feb 2026
BBK announces December Al Hayrat Grand Prize winners and another wave of Grand prizes for February
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