Dubai – Mubasher: Arabtec Holding’s stock, listed on the Dubai Financial Market (DFM), rose 3% during Thursday’s early session, supported by announcing a new project.

By 11:10 am UAE time, the stock levelled up 2.7% at AED 1.91.

About 2.2 million shares of Arabtec were exchanged through 70 transactions at a turnover of AED 4.24 million. 

The Dubai-based builder announced that its wholly-owned subsidiary Arabtec Construction has won an AED 222 million contract by Dubai Properties, a leading UAE master-developer to build 352 villas in Dubai Properties’s Amaranta project in Villanova.