Hasan Abdullah Ismaik, CEO of the UAE-based construction company Arabtec said the strategic investor Aabar Investments has sold the bonus shares it received from the company for FY13. He added that Aabar will not sell more shares, according to Al-Arabiya TV.

Aabar lowered its stake to 18.9% by selling nearly 2.7% last week, according to the latest DFM statement about Aabar’s ownership in Arabtec.

Arabtec will hold a board meeting tomorrow to discuss several issues related to the company’s projects.

Ismaik reinstated that there are no plans to delist Arabtec from the bourse. However, he added that the management plans to maintain the company as a shareholding company in the stock market.