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Thu, 08 Jan 2009 | 19:09 GMT

Arabtec Holding   (ARTC.DFM)
Sector | Industry
Construction | Heavy Construction
 
Country of Origin
United Arab Emirates
Last Trade
2.04 AED
- 5.99%
 
 
 
 
 
 
 
 
 
 
 
 
 
Company Updated: Jan 22, 2008
 
UAE
Joint Stock
 
 
Holding company with investments in architectural modeling, civil engineering, construction and electrical contracting; project management; offshore and onshore oil and gas installations.
Arab Technical Construction Company until July 2004
1975
43,168 (300 Company, 43,168 Group)
Abu Dhabi
 
 
 
 
ARTC 
Ordinary 
AED 
 
 Key Officers
HH Sheikh Butti Bin Maktoum Bin Juma Al Maktoum
Chairman
Riyad Burhan Kamal
Managing Director and Chief Executive Officer
 
 Contact Details
Address:
Arabtec Building
Sheikh Zayed Road
Interchange 4
P.O. Box 3399
Dubai
United Arab Emirates
 
+971 4-340-0700
 
+971 4-340-4004
 
arabtec@arabtecuae.com
 
www.arabtecholding.com
 
www.hoeuae.ae
www.infinitytower.com
www.lerevedubai.com

 
  Latest Headline
TAIB: Arabtec Holding (08-Jan-09) - TAIB Securities WLL
 
  IPO Details
Listing Date:
04Jan05
Size of Offering:
$60.50M
Equity Offering:
55%
Lead
Managers:
SHUAA Capital
 

  Business Overview
Arabtec Holding Company (Arabtec) has grown along side the United Arab Emirates. It was involved in many of the country's recognizable projects including the expansion of the Deira City CentreDeira City CentreLoading... in 1999, Al Maha Desert ResortAl Maha Desert ResortLoading... for Emirates AirlinesEmirates AirlinesLoading... in 1998, the Sharjah Art Gallery in 1996, Dubai's Garhoud residential compound in 1992, accommodation buildings and offices for Abu Dhabi Oil Company (ADOC)Abu Dhabi Oil Company (ADOC)Loading... in 1983 and many others.

Arabtec invests in the contracting sector through establishing, managing, acquiring, and owning shares in one or more existing contracting companies. It was established in 1975 as the Arab Technical Construction Company (ATCC) until it changed its name in July 2004. In August 2004, Arabtec underwent an IPO on the Dubai Financial MarketDubai Financial MarketLoading... that raised USD60 million for 55% of the company's shares.

Arabtec controls its wholly owned subsidiary, Arabtec ConstructionArabtec ConstructionLoading..., which operates in civil engineering and building, construction and project management, business development, quantity surveying, high-rise development and commercial and industrial projects. It acquired Austrian Arabian Ready Mix CompanyAustrian Arabian Ready Mix CompanyLoading... in September 2005 and also expanded into the steel industry by acquiring stakes in Gulf Steel Industries in January 2008.
 
 
 Major Shareholders
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  Organization Structure and Related Entities
Subsidiaries/Associates/Affiliates
 
Name  Country  Holding
Arabtec Construction UAE 100.00%
Arabtec Eastern Model UAE 100.00%
Arabtec Engineering Services UAE 100.00%
Arabtec International Company Mauritius 100.00%
Arabtec Precast UAE 100.00%
Austrian Arabian Ready Mix Concrete Company UAE 100.00%
Arabtec Construction Mauritius Pakistan 60.00%
Arabtec Pakistan Pakistan 60.00%
Target Engineering Construction Company UAE 60.00%
Emirates Falcon Electromechanical Company [EFECO] UAE 55.00%
Gulf Steel Industries UAE 55.00%
Arabtec Construction - Qatar Qatar 49.00%
Nasir Bin Khalid Factory Readymix Concrete Company Qatar 49.00%
House of Equipment Company UAE 33.33%
Arabtec - WCT UAE -
Arabtec Engineering Enterprises Company Jordan -
Developments and Projects
 
Name  Country  Holding
Abu Dhabi National Exhibition Center Phase 2B UAE -
Conrad Hotel UAE -
Infinity Tower UAE -
Jumeirah Beach Residence UAE -
Le Reve Dubai UAE -
National Exhibition Center Project UAE -
The Heights [in Abdali Development] Jordan -
The Lofts Courtyard [in Abdali Development] Jordan -
Warsan Villa Development UAE -
 
 
  Representatives
Auditors
 
Deloitte Middle East
 
Banks
Mashreq
Dubai Bank
Emirates Bank International (EBI)
Law Firms
 
Clyde and Company
 
 
 Summary Financials
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 Available to subscribers only. Information in this section includes key financials data such as Total Revenues, Net Profits, Totals Assets, Shareholder Equity, etc. » More Details
 
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