One of Arabtec's meetings (Photo credit: Arabianeye - Reuters)
Arabtec Holding
ARTC
ARTC
Dubai – Mubasher: Arabtec Holding’s board approved on Sunday, 12 February, a proposed capital restructuring plan and the rights issue, according to a bourse statement
This plan would require consent at the next shareholders' general meeting, after seeking the required approvals and consents from the competent authorities.
The board also gave a nod to the submission of the recommended capital reduction plan at the coming shareholders’ meeting.
Source:
Mubasher
