Dubai – Mubasher: The board of directors of Arabtec Holding invited the company’s shareholders to attend the general meeting (GM) due to be held on 1 June to elect two new board members.
The decision came after obtaining an approval from the Securities and Commodities Authority (SCA) to increase the number of members in the company’s board, the move which was also approved by the annual general meeting (AGM) on 20 April, according to a bourse filing on Thursday.
The stock declined 1.2% to AED 1.65 in today’s early trading as 10.8 million shares were exchanged at AED 17.86 million.
