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Wednesday, December 02, 2020 3:12 GMT
Leading Dubai-based contractor Arabtec Holding said it will go ahead with its plans to file application for insolvent liquidation in the competent courts 'at the earliest opportunity' due to its untenable financial position following the fallout from the coronavirus pandemic. The announcement was made at the General Assembly Meeting on November 30. In accordance with the resolution of the company’s shareholders at the General Assembly Meeting held on September 30, the conclusion was reached...More