Tawasul
Mubasher TV
Contact Us Advertising   العربية

Arabtec mulls collaboration with Abu Dhabi’s Torjan Holding

Arabtec mulls collaboration with Abu Dhabi’s Torjan Holding
Any development regarding this matter will be revealed when an agreement is reached or otherwise
Arabtec Holding
ARTC
-3.29% 0.53 -0.02

Dubai – Mubasher: Arabtec Holding, listed on the Dubai Financial Market (DFM), announced it considers the possibility of entering into a cooperation agreement in the construction sector with Trojan Holding, a construction group based in Abu Dhabi.

Any further details or developments regarding this matter will be revealed when an agreement is reached or otherwise, Arabtec said in a bourse filing on Wednesday.

Arabtec Holding previously posted it had logged a net profit attributed to the owners of the parent company of AED 58 million during the first half of this year, 48.8% down from AED 113 million in H1-18.

Earlier this day, the DFM-listed company announced the appointment of Wail Farsakh as group chief operating officer (COO).