International lenders did not disclose specificities, but said it was part of global cost-cutting plansNovember 26, 2015 11:32
Six Degrees of Hasan Abdullah Ismaik
The former CEO of Arabtec has recently been all over the news because of the struggling Arabtec, the biggest construction firm in the Gulf, and his subsequent departure as CEO, but how will Kipp link him to a knight and the poster boy of the 2014 World Cup in Brazil, Neymar Jr?
July 16, 2014 11:52 by kippreport
Hasan Ismaik has recently been the centre of the business news world’s attention. The former CEO of Arabtec Construction LLC, who stepped down on the 18th of June has caused a media frenzy. The rise and fall of Arabtec has been the talk of many in the industry, as well as the questions that need to be asked. Like how could the financial market be so badly affected by the stocks of one company? With Mr. Ismaik’s departure, but his still significant ownership of the company (approximately 28 per cent), many are wondering if this was a clever corporate strategic move. We know that Hasan Ismaik is not camera shy, simply type his name into Google and you’ll see photos of him in a business setting but also having a good time, he was pictured in Germany celebrating his purchase of 49 per cent of the voting rights in German football club…
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