Arabtec

Dubai Firm Revokes ‘Sale of Bonds’ Offer

Dubai Firm Revokes ‘Sale of Bonds’ Offer

It has been revealed in recent reports that Arabtec, Dubai, has given up its plans for the convertible bond of $150 million for a rights issue. The reason for the same has been the difficulty in collecting payments during the property kaput in Dubai, as revealed by the chief financial officer of the firm.