By: Bedour Alraei
Abu Dhabi – Mubasher: Arabtec Holding former managing director and CEO Hasan Ismaik has bought a strategic stake in International Fish Farming Holding (Asmak), sources told Mubasher.
This transaction is expected to be announced within the coming two weeks, sources added.
Asmak’s stock, which rose 14.7%, saw an active trading of 18.72 million shares and generated AED 69.32 million on Wednesday.
Ismaik did not reply to Mubasher’s call to comment on the transaction, while Asmak’s spokesperson refused to comment on the issue.
Translated by: Julian Nabil
