Arabtec rises as Dh1.5bn rights issue gets go-ahead
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EquityFollow-ons and Rights issues

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

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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.

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