By: Enas Bahgat

Dubai – Mubasher: Arabtec Holding’s stock, listed on the Dubai Financial Market (DFM), has jumped to its highest levels in four months in Monday’s mid-trade, backed by the company’s potential merger with Trojan Holding.

By 11:15 am, the stock rose by 1.53% to AED 1.99, its highest level since 7 May 2019.

The stock has seen a trading volume of 17,878 shares that were exchanged through 339 transactions at a turnover of AED 35.908 million.

On 10 October, Reuters reported that Arabtec Holding and Trojan Holding have mandated Switzerland’s UBS bank and the DFM-listed Shuaa Capital to advise a potential merger between both companies.