Dubai-Mubasher: Arabtec Holding’s board recommended on Wednesday to increase the number of board members to seven from five, according to a bourse statement.
The shareholders will hold their annual general meeting on 20 April.
On a separate note, the board agreed to proceed with its legal action against Meydan Group, claiming pending dues to Arabtec.
The company's stock declined 1.2% to AED 1.64 by 11:00am UAE time. Turnover reached AED 33.7 million after 20.4 million shares were traded through 309 transactions.
