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Sun 4 May 2014 11:56 AM

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Dubai's Arabtec appoints new CFO - statement

Iyad Abdalrahim was formerly CFO of Arabtec's construction unit

Dubai's Arabtec appoints new CFO - statement

Dubai's Arabtec Holding has appointed Iyad
Abdalrahim as chief financial officer, the firm said in a bourse statement on
Sunday.

Abdalrahim was formerly CFO of Arabtec's
construction unit.

Abu Dhabi state fund Aabar owns a major stake in
Arabtec Holding.

Last month, Arabtec Holding's newly launched
subsidiary, Arabtec Properties, showcased projects worth $3.8bn (AED14bn) at
the Cityscape Abu Dhabi real estate exhibition.

These projects include five local developments,
three in Abu Dhabi and two in Dubai.

Hasan Ismaik, managing director and chief executive
officer of Arabtec Holding, said: “The company is building on Arabtec’s solid
foundations and long-standing track record of delivering high quality
developments in the UAE and across the region.”

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