Arabtec Holding PJSC

Arabtec Holding PJSC

ARTC

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OverviewInsightsDisclosures

Arabtec Holding PJSC

Ticker/ISIN
ARTC
AEA001501013
Market/Country
Dubai Financial Market
United Arab Emirates
Latest Stock Price
0.53 AED
2023-11-21

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Country of Origin: United Arab Emirates (UAE)

Arabtec Holding PJSC (the “Company” or “Group”) is a Public Joint Stock Company established under the Laws of the United Arab Emirates pursuant to the resolution of the Minister of Economy No. 34 of 2004. Arabtec became the first private construction firm to list on the Dubai Financial Market in 2005.

Arabtec Holding PJSC is a leading contractor for social and economic infrastructure. The Group improves the quality of life of people living in the communities that it creates. Arabtec’s impressive list of completed projects includes iconic buildings such as the world’s tallest building, the Burj Khalifa in Dubai, and Abu Dhabi landmark, the Emirates Palace Hotel; as well as other technically challenging work on airports and related infrastructure. The Group consists of numerous subsidiaries with specialisations spanning all segments of the construction cycle, with a vision of building the future.

Latest Pressrelease Summaries

Arabtec Holding PJSC
The letter is addressed to Dr. Obaid Saif Al Zaabi, CEO of the Securities and Commodities Authority in Abu Dhabi, and Mr. Hasan Abdulrahman Al Sirkal, CEO of the Dubai Financial Market. The sender provides an update on the recent procedures related to the bankruptcy petition of Arabtec Holding (PJSC) and certain subsidiaries. The bankruptcy petition No. 4 of 2021 was submitted to the Dubai Court on 7/1/2021 by Arabtec Holding PJSC and its subsidiary, Arabtec Construction LLC.
Arabtec Holding PJSC
The text is a formal disclosure about the recent developments related to the bankruptcy and liquidation application for Arabtec Holding PJSC and some of its subsidiaries. A bankruptcy petition was submitted to the Dubai Court by Arabtec Holding PJSC and its subsidiaries: Arabtec Construction LLC, Austrian Arabian Readymix Concrete Co. LLC, Arabtec Precast LLC, and Emirates Falcon Electromechanical Co. During a court hearing on 18/2/2021, a panel of seven experts was appointed by the bankruptcy judge to review the bankruptcy application.
Arabtec Holding PJSC
Arabtec Holding PJSC has announced it is considering options to protect the value of its liquidation assets for the benefit of all its creditors. This may include the sale of some of its subsidiaries, such as Target Engineering and Arabtec Engineering Services LLC. The company has hired deNovo Corporate Advisors and Lumina Capital Advisors to advise on these potential sales. Any such sales would need to comply with applicable UAE laws.

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BondSharesBond

BondSharesBond

Commented on CashwariyaRais Transaction regarding Arabtec Holding PJSC

Intriguing move into Communication Services. Arabtec at 0.53 AED is a strategic play. Diversifying beyond Industrials, Consumer Staples, and Materials adds a new dimension. Well played.
QueenOfCommunication

QueenOfCommunication

Commented on AkSharesKumars Transaction regarding Arabtec Holding PJSC

Interesting choice! Arabtec in the materials sector might diversify your portfolio well. How do you see their future projects impacting the stock? 🚀
AbhiShareBhachan

AbhiShareBhachan

Commented on ShareUkKhans Transaction regarding Arabtec Holding PJSC

Interesting move with Arabtec Holding! Industrials can be volatile, but your 1-month yield shows promise. Let's see how this plays out. Keep an eye on those sector trends! 🚀
RealEstateKing

RealEstateKing

Commented on CashwariyaRais Transaction regarding Arabtec Holding PJSC

Great move on Arabtec Holding! Diversifying into Industrials could enhance your portfolio's performance. Best of luck with your investment. Let's keep those gains coming! 🚀💼
FinanceMan

FinanceMan

Commented on Arabtec Holding PJSCs

Who is the owner of Arabtech Holding?
Profile Image

FinanceMan

Mubadala Investment Company is the owner of Arabtec Holding PJSC
FinDiesel

FinDiesel

Commented on AkSharesKumars Transaction regarding Arabtec Holding PJSC

Arabtec Holding PJSC, a bold move. Industrials can be a rocky road, but fortune favors the brave, right? Keep pushing, brother.
TomFlooz

TomFlooz

Commented on CashwariyaRais Transaction regarding Arabtec Holding PJSC

Interesting move on Arabtec, CashwariyaRai. I see potential in Industrials too. Let's ride the wave and see where it takes us. Keep up the good work!
AkSharesKumar

AkSharesKumar

Commented on FinanceBroAEDs Transaction regarding Arabtec Holding PJSC

Great move, FinanceBroAED! Arabtec Holding PJSC is a solid player in Industrials. Keep an eye on market trends. Remember, patience is key. #InvestSmart
DFM News

DFM News

News Update From Arabtec Holding PJSC

Disclosure: Notification from the company

The letter is addressed to Dr. Obaid Saif Al Zaabi, CEO of the Securities and Commodities Authority in Abu Dhabi, and Mr. Hasan Abdulrahman Al Sirkal, CEO of the Dubai Financial Market. The sender provides an update on the recent procedures related to the bankruptcy petition of Arabtec Holding (PJSC) and certain subsidiaries. The bankruptcy petition No. 4 of 2021 was submitted to the Dubai Court on 7/1/2021 by Arabtec Holding PJSC and its subsidiary, Arabtec Construction LLC.

1. Attached Document

DFM News

DFM News

News Update From Arabtec Holding PJSC

Disclosure: Notification from the company

The text is a formal disclosure about the recent developments related to the bankruptcy and liquidation application for Arabtec Holding PJSC and some of its subsidiaries. A bankruptcy petition was submitted to the Dubai Court by Arabtec Holding PJSC and its subsidiaries: Arabtec Construction LLC, Austrian Arabian Readymix Concrete Co. LLC, Arabtec Precast LLC, and Emirates Falcon Electromechanical Co. During a court hearing on 18/2/2021, a panel of seven experts was appointed by the bankruptcy judge to review the bankruptcy application.

1. Attached Document

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