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August 23, 2022
It was Jan. 2021 one of Gulf's biggest contractors filed for bankruptcy after heavy losses
January 13, 2021
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January 13, 2021
SHARE Arabtec is planning to sell its two subsidiaries Target Engineering and Arabtec Engineering Services (AES) as the construction giant faces liquidation. The move will help the company in “protecting the value of liquidation assets in the interest of all of its creditors", Arabtec said in a statement to the Dubai Financial Market on Wednesday. The company’s shareholders in September authorised the board to file for liquidation due to its untenable financial position. “In the event a s...