Mr. Riad Kamal the CEO and Mr. Ziad Makhzoumi the CFO of Arabtec Holding invited the fund managers and investment advisors that deal in Arabtec Holding’s shares for an open dialogue to update them on the latest market developments, the company’s strategy and its future, in an invitation only conference, at the Kempinski Hotel, Mall of Emirates, Dubai on 7 May, 2009.
Mr. Riad Kamal, the Chief Executive Officer, opened the session with a question that highlighted the sentiment of the market about Arabtec’s heavily traded shares: “Why do people have still so much interest in Arabtec in 2009 having been known as “The Darling of the Dubai Financial Market in 2008? What is it about Arabtec really that makes it such a popular stock and the heaviest traded stock today at the Dubai Financial Market?”
All shareholders, who represented different local, regional and international, institutions were welcomed to ask questions in an open forum and were answered clearly and honestly with respect to the company’s operations and strategy for the immediate and near future. All participants left the conference that had more than 60 guests, confident with the clear strategy and solid and prudent leadership of the company, a theme echoed in the press in the days that followed.
“We know what we are doing; we know where we are heading.” These statements echoed strongly the message from the conference.