Last 4.00 AED
Change Today -0.16 / -3.85%
Volume 89.8M
As of 6:00 AM 07/24/14 All times are local (Market data is delayed by at least 15 minutes).

arabtec holding co (ARTC) Snapshot

Open
4.14
Previous Close
4.16
Day High
4.17
Day Low
3.84
52 Week High
05/14/14 - 7.74
52 Week Low
09/5/13 - 1.48
Market Cap
17.6B
Average Volume 10 Days
155.5M
EPS TTM
0.13
Shares Outstanding
4.4B
EX-Date
05/7/12
P/E TM
32.0x
Dividend
--
Dividend Yield
--
Current Stock Chart for ARABTEC HOLDING CO (ARTC)

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arabtec holding co (ARTC) Details

Arabtec Holding PJSC, together with its subsidiaries, provides construction services for residential, commercial, infrastructure, and oil and gas sectors primarily in Abu Dhabi, Dubai, Jordan, Qatar, Russia, Saudi Arabia, and Syria. The company provides architectural modeling, civil engineering and building, construction and project management, business development, quantity surveying, high rise development, offshore and onshore oil and gas installation, drainage, and electrical HV and LV services. It is also engaged in the development of commercial and industrial projects, residential projects, luxury villas, hotels and hotel interiors, cinema complexes, hypermarket fit outs, food courts, airport developments, aircraft maintenance hangars, passenger terminals, departure lounges, and fuel tank farms. In addition, the company is involved in the manufacture and transportation of ready mix concrete products; trading and leasing of construction and building equipment; buying, selling, leasing, and management of properties; fabrication of steel structures, profiles, storage tanks, road tankers, and steel and structural buildings; and manufacture of switch gears, power distribution panels, and precast panels. In addition, it offers building maintenance and cleaning services, and the facilities management and security services; and sewerage, water fittings, and caravans maintenance services, as well as undertakes electrical, mechanical, plumbing, and infrastructure construction works. The company was formerly known as Arab Technical Construction Company. Arabtec Holding PJSC was founded in 1975 and is based in Abu Dhabi, the United Arab Emirates.

Founded in 1975

arabtec holding co (ARTC) Top Compensated Officers

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arabtec holding co (ARTC) Key Developments

Arabtec CEO Reportedly Has Three Offers For His Stake

The former Chief Executive of Arabtec Holding P.J.S.C. (DFM:ARTC), Hasan Ismaik, has three offers for his 28.85% stake but is looking to sell his holding in the Dubai contractor for more than AED 6 per share, he told Reuters. Hasan Ismaik has offers from government entities and an international construction firm, he said without naming them. If the offer is more than AED 6 or AED 7 a share, maybe I will sell," Ismaik told Reuters by telephone. He added, “If I don't get the right price, I will keep it. I believe the company will come back."

Arabtec Holding Sacks Shohidul Ahad-Choudhury, Head of Mergers and Acquisitions

A senior Arabtec Holding executive has reportedly been fired in a shake-up following the resignation of CEO Hasan Ismaik. Shohidul Ahad-Choudhury, Arabtec's head of mergers and acquisitions, has been sacked The former Deutsche Bank executive, was appointed to the role in March 2013 and also acted as financial advisor to Ismaik. Based in Abu Dhabi, he was responsible for implementing the company's new strategy, mergers and acquisitions, joint ventures, and strategic financing activities.

Ismaik Does Not Plan To Sell His Stake In Arabtec

The former Chief Executive Officer of Arabtec Holding P.J.S.C. (DFM:ARTC), said he has no plans to sell his 28.85% stake. “I will keep it," Ismaik told Reuters when asked if he would now seek to offload his stake in Arabtec, which at current market prices is worth about $1.47 billion. "I am an investor. I believe in the company, Arabtec has great potential," he added. Asked again whether he might sell the stake, Ismaik replied, "No, I will hold my shares and I have not decided yet about when I should sell."

 

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ARTC

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Valuation ARTC Industry Range
Price/Earnings 32.6x
Price/Sales 2.2x
Price/Book 3.1x
Price/Cash Flow 36.8x
TEV/Sales 1.8x
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