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FINANCIAL NEWS
Dubai’s Arabtec will not acquire stake in Drake and Scull
17 Apr 2013
(MENAFN) Arabtec chief executive, Hasan Ismaik, announced that the Dubai-based builder will not acquire a stake in Drake and Scull, reported Arabian Business.
Ismaik added that reports about a potential deal between the two companies are baseless.
On the other hand, he noted that in the coming few days, the company will announce a joint venture with an oil and gas firm.
Several reports hinted that Arabtec, which plans to increase its capital by USD1.8 billion, will acquire the 40-percent remaining stake in Target Engineering it does not already hold.
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BBK discloses its financial results for the year ended 31st December 2025
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BBK announces December Al Hayrat Grand Prize winners and another wave of Grand prizes for February
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