Monday 24 July 2017
 
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Arabtec

Arabtec unit wins $79m Dubai projects

Arabtec Holding, a leading UAE-based contractor for social and economic infrastructure, said its wholly-owned subsidiary, Target Engineering Construction Company (Target) has been awarded four projects worth Dh289 million ($79 million).

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Arabtec wins contract to build UAE pavilion at Expo 2020

Arabtec Construction, a wholly-owned subsidiary of Arabtec Holding, has been awarded the main contract to build the national pavilion for the Expo 2020 Dubai, the first mega-event of its kind in the Middle East, Africa and South Asia region.

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Arabtec wins regulatory nod for share capital cut

Arabtec Holding, a leading contractor for social and economic infrastructure, said it has secured regulatory approval for its new capital reduction plan. The move is aimed at slashing its share capital from Dh6.1 billion ($1.6 bil

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Arabtec unit names new managing director

Arabtec Holding, a leading construction company in the Middle East, said it has appointed Gavin Appleby as the managing director of its unit Emirates Falcon Electromechanical Company (Efeco). Efeco is one of the biggest MEP (mechanical,

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Arabtec swings to Q1 profit, revenue up 11pc

Arabtec Holding, a leading contractor for social and economic infrastructure, has reported its first quarterly bottom line profit in the last three years. The group is undergoing a series of restructuring measures including the ap

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Arabtec wins investors' nod for $408m rights issue

Arabtec Holding, a leading construction company in the Middle East, said it has won approval from its shareholders for a Dh1.5 billion ($408.2 million) rights issue to recapitalise the company. The Dubai builder had in February be

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Arabtec picks industry veteran Pollard as Group CFO

Arabtec Holding, a leading construction company in the Middle East, said it has appointed Peter Pollard, an industry veteran, as the group's new chief financial officer (GCFO). In his new role, Pollard will play a major part i

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Loss-hit Arabtec outlines major recovery plan

Arabtec Holding, a leading construction company in the Middle East, on Thursday outlined a major recapitalisation programme which will see the loss-hit company raise Dh1.5 billion (($408 million) through a rights issue as part of its new recover

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Arabtec wins SCA approval for recapitalisation plan

Arabtec Holding, a leading construction company in the Middle East, said it has received approval in principle from the Securities and Commodities Authority (SCA), the UAE's stock market regulator, for its recapitalisation programme.

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Arabtec eyes $408m rights issue as 2016 loss widens

Arabtec Holding, a leading construction company in the Middle East, is planning to raise Dh1.5 billion ($408 million) from a rights issue after posting a second yearly loss in 2016, according to a report. This has widened to Dh3.4

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