#Arabtec

UAE-BUSINESS- Arabtec

CEO of Dubai contractor Arabtec resigns amidst its ongoing liquidation

Wail Farsakh was appointed to the role in April 2020

Dubai contractor Arabtec to file for liquidation at ‘earliest opportunity’

The decision reversed efforts sought by a minority group of shareholders to restructure and save the company from liquidation

Arabtec

Burj Khalifa builder Arabtec set to fall into liquidation

It was valued at about Dhs30bn at its peak in 2014 and is now worth Dhs795m

Arabtec

Dubai-based Arabtec appoints Mubadala deputy group CEO as chairman

Waleed Al Mokarrab Al Muhairi replaces Mohamed Thani Al Rumaithi who recently tendered his resignation

Dubai-based construction company Arabtec appoints new group CEO

Wail Farsakh takes over the new role from Peter Pollard

Dubai’s Arabtec Blames Q2 Loss On Project Delays

The Dubai-basd builder made a loss of Dhs11.6 million in the second quarter of the year.

Dubai’s Arabtec Posts $3.1m Q2 Loss

Rising administrative and contract costs lead the construction company to post a loss during the second quarter of the year.