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Dubai builder Arabtec suffers first loss since 2009

Net loss is 11.6 mln dirhams; Revenue 1.3 bln dirhams vs 1.2 bln yr-ago; Gross margins drop 9.9 percent year on year; Shares close down 4 pct on Dubai bourse

August 9, 2012 10:30
 
Aabar pulls out of Daimler investment in Tesla

Aabar pulls out of Daimler investment in Tesla

Abu Dhabi's Aabar took a step towards exiting its investment in electric car maker Tesla after partner Daimler confirmed it transferred direct control of a 3.1 percent stake in Tesla back to the sovereign wealth fund.

June 28, 2012 10:24
 
Dubai's Arabtec Q1 Net Surges

Dubai's Arabtec Q1 Net Surges

Q1 net profit 84.1mln dirhams vs. 26.6 million a year ago; Results beat average analysts forecasts; Says considering buying remaining 45 percent in steel unit; Abu Dhabi fund Aabar owns 10.5 percent in Arabtec

May 9, 2012 9:25
 
Dubai's Arabtec Wins Contract from Shareholder Aabar

Dubai's Arabtec Wins Contract from Shareholder Aabar

Arabtec, in which state-owned investment fund Aabar owns a 10.45 percent stake, said the contract to build a tower of 229 apartments would take 22 months to complete.

April 22, 2012 10:42
 
Dubai’s Arabtec’s Q4 profit surges

Dubai’s Arabtec’s Q4 profit surges

Dubai builder Arabtec , in which Abu Dhabi's Aabar Investments upped its stake recently, saw a three-fold rise in its fourth-quarter net profit, handily beating analyst expectations.

March 8, 2012 3:37
 
Abu Dhabi’s Aabar raises stake in Dubai builder Arabtec

Abu Dhabi’s Aabar raises stake in Dubai builder Arabtec

Abu Dhabi's Aabar Investments, which scrapped a $1.7 billion deal to take a majority stake in Arabtec two years ago, has raised its holding in the Dubai builder to 5.28 percent, according to a filing on the Dubai stock exchange on Monday.

March 6, 2012 11:01
 
Abu Dhabi fund eyes sale of $1.3B Malaysia Bank stake

Abu Dhabi fund eyes sale of $1.3B Malaysia Bank stake

An Abu Dhabi sovereign wealth fund is exploring the sale of its $1.3 billion stake in Malaysian lender RHB Capital Bhd six months after buying the shares, sources familiar with the matter told Reuters, and has engaged in early talks with Japan's Sumitomo Mitsui Banking Corp (SMBC).

February 14, 2012 2:21
 

ADCB to net $272 mln in profits from RHB stake sale

ADCB sold its 24.9 percent stake in RHB to Aabar; Says funds to be used to strengthen balance sheet; ADCB shares rise 2.5 percent on Abu Dhabi bourse - reuters

June 19, 2011 10:27
 

Aabar advances plans to delist

Board agrees plan, now set to go to shareholders.

June 26, 2010 12:37
 

Aabar and Emaar launch Dead Sea project

Joint venture to build a Hilton managed hotel on Jordan’s Dead Sea waterfront as part of $1 billion development.

May 25, 2010 4:14
 
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