Arabtec seeks Dh1.5bn in Aabar-backed rights issue

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Equity
Follow-ons and Rights issues

Arabtec seeks Dh1.5bn in Aabar-backed rights issue

Aidan Gregory
February 13, 2017 11:00 am
Arabtec_Holding_PA_230x150
'Burj Khalifa', the world's tallest building at 828 meters, as seen in Dubai, United Arab Emirates, on March 4, 2010. Photo by Balkis Press/ABACAPRESS.COM | Balkis Press/ABACA/PA Images

Shares in Arabtec Holding, the Dubai-based construction company, slumped 9.8% on Monday morning after it said it would complete a Dh1.5bn ($408m) rights issue after its second consecutive annual loss.

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Topics

EquityUnited Arab EmiratesMiddle EastFollow-ons and Rights issuesEmerging MarketsEMEAMiddle East EquityEM Middle EastGCC
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Aidan Gregory
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