Arabtec secures AED 400m facility from Aabar

Dubai-Mubasher: Dubai-listed Arabtec Holding reached an agreement with Aabar to get a AED 400 million debt facility, according to a bourse statement.

“This facility will provide Arabtec with additional funding to be directly deployed towards delivering our ongoing and newly awarded projects in a timely manner,” the construction firm’s acting CEO Saeed Mohamed Al Mehairbi said.

 

Mubasher Contribution Time: 14-Jul-2016 06:49 (GMT)
Mubasher Last Update Time: 20-Jul-2016 08:19 (GMT)