Arabtec Holding, the largest listed construction contractor in the United Arab Emirates, is forming units that will enable the company to offer financial advisory services and help it invest across industries.
The board approved the setting up of five subsidiaries at its Feb. 6 meeting, the company said in a statement. The units will focus on investments in infrastructure, real estate, trains, airports, power, water, and energy within and outside the U.A.E. Arabtec Capital will be established in Dubai International Financial Centre to provide financial and public offering services. Arabtec shares gained 3 percent to 5.08 dirhams.