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Arabtec Construction appoints new CEO

Arabtec Construction appoints new CEO
Arabtec's headquarter (Photo Credit: Arabianeye-Reuters)
Arabtec Holding
ARTC
-3.29% 0.53 -0.02

Dubai – Mubasher: Arabtec Holding appointed Boyd Merrett as the CEO of Arabtec Construction, according to a bourse statement.

Boyd will assume his role as CEO of the wholly owned subsidiary of Arabtec in July 2017.

Arabtec’s stock fell 9.04% to AED 0.755, its lowest level in  five years, generating AED 55.62 million from the exchange of 71.22 million shares.