coverimage
Dubai News

Arabtec in talks to merge with Trojan Holding

date

10-Sep-2019

Dubai: Arabtec Holding, the construction firm that helped build the world’s tallest tower, confirmed on Tuesday that it was in discussions about a possible merger with Trojan Holding. The two sides have commenced a review “of the possibility of combining their construction businesses,” Arabtec said. It said that if a deal is reached, it may lead to a merger between Arabtec and Abu Dhabi-based Trojan.
 
Arabtec’s share prices jumped on the news, and were trading over 10 per cent higher in the first 50 minutes of trade. Shares of the company were the most actively traded on the Dubai bourse, and rose past Dh1.76. The confirmation on Tuesday comes after Arabtec said last week that it was “willing to explore the possibility” of collaboration with Trojan Holding. The company did not say it was considering a merger at the time, only saying it was studying “a cooperation agreement” that would allow the two companies to collaborate in the construction sector.
 

More Related News

There has been a double-digit drop in passengers in August compared to last year

..

23-Sep-2019

India was the largest beneficiary of UAE expat remittances at 37.2 per cent

..

23-Sep-2019

Based on median income, Indians make in the US double the national median

..

23-Sep-2019

It's the same launch site where Russian cosmonaut Gagarin blasted off to space in 1961

..

23-Sep-2019

British tour company Thomas Cook has collapsed after failing to secure rescue funding

..

23-Sep-2019

Emirates president says there are lots of areas where two carriers can cooperate

..

23-Sep-2019

Historic project dubbed the “Abrahamic Family House” to be completed by 2022

..

22-Sep-2019

The company adds Barclays, BNP, Deutsche, UBS as bookrunners

..

22-Sep-2019

The Ministry of Human Resources advised employees in private sector to be aware of rules

..

22-Sep-2019

Results reflect the confidence of investor community in Dubai’s strategic plans, he says

..

22-Sep-2019


Related Links_


Google ADS

Other Info_

..

Health Care

Multi Specialty medical facilities, government hospitals & private clinics

..

Education

Nurseries, Kindergardens, Schools, Colleges, Universities & Higher Education

..

Popular Restaurants

Dining in Dubai - selection of restaurants where you can relax & enjoy a variety of cuisines of choice

Jobs at Dubai_

Find latest Dubai Jobs & Vacancies from placement agencies, employers & recruitment consultants in Dubai, Abu Dhabi & other Emirates in UAE.

Dubai Tours & Packages_

Book quality Dubai tours, best Dubai holiday packages with visas & Dubai hotel booking with special offers & discounts

Warnning

Unsupported Browser

This website includes CSS elements that your browser does not support. Please upgrade your browser to a current version, then come back and try again.

Upgrade your Browser for more experience

Chrome Firefox Safari Edge