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Loss-hit Arabtec outlines major recovery planArabtec Holding, a leading construction company in the Middle East, on Thursday outlined a major recapitalisation programme which will see the loss-hit company raise Dh1.5 billion (($408 million) through a rights issue as part of its new recover More… |
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Arabtec wins SCA approval for recapitalisation planArabtec Holding, a leading construction company in the Middle East, said it has received approval in principle from the Securities and Commodities Authority (SCA), the UAE's stock market regulator, for its recapitalisation programme. More… |
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Afren snags $255m in debt funding, swings to full-year lossBeleaguered oil producer Afren said it had secured $255 million from its bondholders and was in talks for a wider recapitalisation plan to be completed by the end of July. Afren took nearly $2 billion in impairment charges and wri More… |
