Friday 24 March 2017
 
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Arabtec

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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Arabtec ropes in Depa chief as new CEO

Arabtec Holding, a leading construction company in the Middle East with nine principal subsidiary units, has appointed Hamish Tyrwhitt, an industry heavyweight and the chief executive officer of Depa Group, as its new CEO. Prior t

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Arabtec to build new hotel at Dubai Media City

Dubai-based construction firm Arabtec Holding has secured a contract for a new five-star hotel at Dubai Media City, said a report. Arabtec - which also built the Burj Khalifa -  first announced the contract win, valued at Dh3

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Arabtec to build new hotel at Dubai Media City

Dubai-based construction firm Arabtec Holding has secured a contract for a new five-star hotel at Dubai Media City, said a report. Arabtec - which also built the Burj Khalifa -  first announced the contract win, valued at Dh3

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Arabtec Q2 net loss narrows to $50m

Dubai contractor Arabtec reported a narrower loss in the second quarter on Sunday, its seventh straight quarterly loss. Arabtec made a net loss attributable to equity holders in the parent of Dh186.4 million ($50.8 million) in the

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Shareholder to give Arabtec $109m debt facility

Dubai-listed contractor Arabtec Holding said on Thursday its shareholder Aabar Investments had agreed to give it a Dh400 million ($108.9 million) debt facility to help weather 'challenging' conditions in the regional construction market.

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Arabtec to use $272m reserves to wipe out losses

A meeting of shareholders in Dubai-listed construction firm Arabtec Holding approved on Wednesday a plan to use Dh1 billion ($272 million) of the company's statutory reserves to wipe out some of its accumulated losses. They al

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Arabtec hires AlixPartners for business review

Loss-making Dubai contractor Arabtec's board has hired restructuring advisory firm AlixPartners to help it strengthen its capital structure and reform its business, three sources aware of the matter told Reuters on Sunday. Amo

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