Arabtec rises as Dh1.5bn rights issue gets go-ahead

© 2025 GlobalCapital, Derivia Intelligence Limited, company number 15235970, 4 Bouverie Street, London, EC4Y 8AX. Part of the Delinian group. All rights reserved.

Accessibility | Terms of Use | Privacy Policy | Modern Slavery Statement | Event Participant Terms & Conditions

Cookies Settings
Equity
Follow-ons and Rights issues

Arabtec rises as Dh1.5bn rights issue gets go-ahead

Aidan Gregory
February 22, 2017 04:30 pm
Arabtec_PA_230x150
A view of Dubai Metro rail on the Red Line near Dubai's downtown. On Monday, 6 February, 2017, in Dubai, UAE. (Photo by Artur Widak/NurPhoto) *** Please Use Credit from Credit Field *** | NurPhoto/SIPA USA/PA Images

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:

Request a Free Trial or Login

Topics

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