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"We are proud of the profits achieved during 2006; which are the results of our successful strategic plan. Arabtec continues its growth and success by implementing the best International Management Standards. Our dividends recommendation to the General Assembly is designed to reward our loyal shareholders for their trust in Arabtec, whilst at the same time providing the company with a stable and enhanced capital base which will support our acquisition plans for the future".
He added: "I would like to take this opportunity and thank Arabtec's shareholders for their trust in our company and its management; and we are looking forward to achieve further growth and profits during the coming years".
The company's board of directors held a meeting on Sunday to review the company's consolidated unaudited financial results of 2006 for its subsidiaries which include; Arabtec Construction LLC, Austrian Arabian Ready Mix Concrete LLC, Arabtec Precast LLC and House of Equipment LLC.
The board of directors resolved to recommend to the General Assembly to approve a cash dividend of 15% and bonus shares of 15% representing capital increase from 520 million to 598 million.
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Posted by Anne-Birte Stensgaard, Senior News Editor
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