Dubai-Mubasher: Arabtec Holding Company said there are no major technical or operational events that may affect its stock’s price, according to a bourse filing on Tuesday.
The company added that it is committed to abide by the rules of disclosures and transparency, and related regulations.
Arabtec’s stock jumped 14% to AED 1.44 after the CNBC Arabia reported that the company’s former CEO Hasan Ismaik is boosting his stake.
The stock rose 9% to AED 1.58 by 10:20am UAE time.
