Shareholder in UAE’s Arabtec agrees to provide it AED400 million debt facility

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Dubai-listed contractor Arabtec Holding stated on Thursday its shareholder Aabar Investments had agreed to provide it a AED400 million ($108.9m) debt facility to assist climate “difficult” circumstances within the regional development market.

 

The cash will present Arabtec with further funding to make use of in the direction of delivering ongoing and newly awarded tasks in a well timed method, stated Saeed Mohamed al-Mehairbi, appearing chief government of Arabtec Holding.

 

Abu Dhabi state fund Aabar Investments owns 36 per cent of the corporate.

The publish Shareholder in UAE’s Arabtec agrees to provide it AED400 million debt facility appeared first on Gulf Retail.

Supply: Press Launch

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