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FINANCIAL NEWS
UAE- Arabtec posts USD27.1m in Q1 profit
03 May 2013
(MENAFN) Arabtec Holding CEO, Hasan Abdullah Ismaik, said that the company’s first quarter profit was USD27.1 million, reported Gulf News.
He added that Arabtec has signed contracts with Louvre AbuDhabi and the Fairmont hotel, which has upped revenue 20 percent to a total of USD421.9 million.
Operations in Saudi Arabia are continually growing, as the construction firm has taken on a 5,000 villa project in Al Hasa.
It is worth noting that the construction industry in the Middle East is picking up again, as companies such as Arabtec keep acquiring project in Saudi Arabia, the UAE and Qatar.
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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