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Arabtec announces the results of its board meeting including the date of its general assembly

2010-03-02

The board of directors of Arabtec Holding PJSC held its meeting number two for the year 2010 at capital club in DIFC and the board resolved to approve the release of the audited accounts for Arabtec Holding PJSC and to authorize the chairman and the CEO to sign the financial statements for the year ending December 31, 2009. Also to call for an annual general meeting on the 27^th of March 2010 and to instruct the chief executive officer to take the necessary steps to call for the annual general meeting and inform the shareholders as required by the regulatory authorities. From the resolutions; to formalize the shareholding percentage in Arabtec Engineering Services LLC and authorizes the chief executive office, Mr. Riad Kamal, to implement the necessary actions to register the agreed shareholding structure. Also to increase the shareholding in House of Equipment LLC to %66.67 by acquiring the shares offered by the partners, in addition to extend the due diligence in the Aabar deal to 16 April 2010.