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Arabtec Holding’s board names new chairman

Arabtec Holding’s board names new chairman
The board elected Mohamed Hamad Al Mehairi as vice chairman
Arabtec Holding
ARTC
-3.29% 0.53 -0.02

Dubai – Mubasher: Arabtec Holding’s board has elected Mohamed Thani Murshed Al Rumaithi as chairman during a meeting held on Wednesday.

The board also elected Mohamed Hamad Al Mehairi as vice chairman, according to a bourse statement.

The Dubai-based developer’s board approved the financial statements as at 31 March 2018.

Arabtec Holding’s net profit ballooned 261% in the first quarter of 2018, registering AED 63.6 million.