Arabtec Holding PJSC

Dubai – Mubasher: The Dubai Court has accepted Arabtec Holding's petition to open the bankruptcy proceedings for the company and its subsidiaries, comprising Arabtec Construction, Austrian Arabian Readymix Concrete Co, Arabtec Precast, …

Dubai – Mubasher: Arabtec Holding has submitted a bankruptcy petition to the Dubai Court, alongside its subsidiaries comprising Arabtec Construction, Austrian Arabian Readymix Concrete Co, Arabtec Precast, and Emirates Falcon Electromechanical Co. …

Dubai – Mubasher: Arabtec Holding has announced the resignation of Wail Farsakh as Group CEO, according to the company's disclosure to the Dubai Financial Market (DFM) on Thursday. In April, the company appointed Farsakh as CEO to succeed Peter …

Dubai – Mubasher: Arabtec Holding has appointed deNovo Corporate and Lumina Capital as advisors for potential sales of its subsidiaries, Target Engineering and Arabtec Engineering Services (AES). deNovo Corporate will advise on the potential sale …

Dubai – Mubasher: Arabtec Holding, listed on the Dubai Financial Market (DFM), and some of its subsidiaries have filed for insolvent liquidation in accordance with the shareholders’ resolutions on 30 September and the board’s decision on 30 …

Dubai – Mubasher: Arabtec Holding announced that it will file for bankruptcy and liquidation “at the earliest opportunity” following a two-month period of discussions with key stakeholders. The decision was made after a shareholder meeting, held …

Dubai – Mubasher: Arabtec Holding has requested shareholders to consider the cancellation of the decision made by the ordinary general meeting (OGM) on 30 September to dissolve the company and authorise the board to proceed with a bankruptcy and …

Dubai – Mubasher: TARGET Engineering Construction Company, a wholly-owned subsidiary of Arabtec Holding, has been awarded a 14-month subcontract worth SAR 145 million from Shandong Tiejun Electric Power Engineering Company. Under the subcontract, …

Dubai – Mubasher: Arabtec Holding's shareholders have voted for the company's non-continuity and dissolution due to its unstable financial conditions, according to a press release on Thursday. The company referred that this decision was made after …

Dubai – Mubasher: Arabtec Holding has denied the appointment of a consultant to restructure its debts, according to the company's disclosure to the Dubai Financial Market (DFM) on Monday. The company referred that it is coordinating with …

Dubai - Mubasher: TARGET Engineering Construction Company, a wholly-owned subsidiary of Arabtec Holding, has been awarded a 20-month contract worth AED 403.8 million ($110 million) in Abu Dhabi. The contract was granted by Abu Dhabi Company for …

Dubai – Mubasher: Arabtec Holding saw net losses attributable to the owners of the parent company of AED 794 million in the first six months of 2020, against net profits of AED 58 million in the same period of 2019. The net losses are driven by …

Dubai – Mubasher: Target Engineering Construction Company, a wholly-owned subsidiary of Arabtec Holding, has won Saudi Aramco's contract worth SAR 200 million ($53.3 million). Under the contract, Arabtec's subsidiary will replace five storage …

Dubai – Mubasher: Arabtec Holding has appointed Waleed Al Mokarrab Al Muhairi, upon his election, as a new board member and chairman of the board. Al Muhairi, who holds a Master's degree in Public Policy from Harvard University, succeeds Mohamed …

Dubai – Mubasher: Arabtec Holding has reportedly cut 3,300 jobs in the past two months due to the economic impact of the coronavirus (COVID-19) pandemic, sources told Reuters. Around 20% of each category at the group was laid off, with 300 of the …

Dubai – Mubasher: The accumulated losses of Arabtec Holding totalled AED 671.25 million in 2019, representing 44.7% of its capital, according to the company's disclosure to Dubai Financial Market (DFM) on Sunday. The accumulated losses are …

Dubai  – Mubasher: Arabtec Holding has appointed Wail Farsakh, the group's chief operating officer (GCOO), as the CEO to replace Peter Pollard, according to a press release on Wednesday. With more than 30-year experience in the UAE firstly …

Dubai – Mubasher: Target Engineering, a wholly-owned subsidiary of Arabtec Holding, was awarded two contracts at a total value of AED 210 million ($57.18 million) in Abu Dhabi. Arabtec Holding's subsidiary was granted a 22-month contract worth AED …

Dubai – Mubasher: Arabtec Holding, a leading engineering and construction group specialising in complex projects in MENA, incurred AED774.499 million net losses attributable to the owners of the parent in 2019, versus AED 256.299 million net …

Cairo – Mubasher: Emaar Misr for Development signed a contract with Arabtec Construction, a subsidiary of Arabtec Holding, to build an urban community ‘Greek Village’ with a total value of EGP 1.608 billion ($99.7 million).  The project includes …

Dubai – Mubasher: Arabtec Holding said that its fully-owned subsidiary, Arabtec for Construction, was awarded a contract worth AED 366 million (EGP 1.608 billion) in the Greek Village by Emaar Misr for Development to build 42 townhouses, in …

Dubai - Mubasher: Arabtec Holding has incurred a loss of AED 379.5 million attributed to the owners of the parent over the first nine months of 2019, against a profit of AED 180.5 million a year earlier. The loss is primarily ascribed to the …

Dubai - Mubasher: Arabtec Holding, a leading contractor for social and economic infrastructure, on Tuesday announced that the CEO of its wholly-owned subsidiary, Arabtec Construction, Boyd Merrett has resigned. Accordingly, the group chief …

Dubai – Mubasher: Arabtec Holding, listed on the Dubai Financial Market (DFM), announced that it is in talks to mandate the Switzerland-based Investment banking company UBS as a financial advisor for the preliminary review and evaluation of a …

By: Enas Bahgat Dubai – Mubasher: Arabtec Holding’s stock, listed on the Dubai Financial Market (DFM), has jumped to its highest levels in four months in Monday’s mid-trade, backed by the company’s potential merger with Trojan Holding. By 11:15 …