Arabtec rises as Dh1.5bn rights issue gets go-ahead
Shares in Arabtec Holding, the largest listed construction company in the United Arab Emirates, surged 15% on Wednesday after it said regulators had approved its plans to raise Dh1.5bn ($408m) through a rights issue to strengthen its balance sheet after a second annual loss in 2016.
Unlock this article.
The content you are trying to view is exclusive to our subscribers.
To unlock this article: