Dubai – Mubasher: Arabtec Holding obtained the regulatory approval to start trading on its new shares on Wednesday, 21 June, according to a bourse statement.

The developer’s board had earlier approved the increase of Arabtec’s share capital from AED 4.6 billion to AED 6.1 billion through the issuance of 1.5 billion shares at AED 1 per share.

The entitlement date is set at 22 June, while the ex-dividend date when the number of shares are reduced and the share price restated will be on 28 June 2017.