Dubai's Arabtec asks banks for debt standstill for subsidiary, sources say
Arabtec Holding asked banks this week for a three-month standstill on debt repayments for its subsidiary Target, sources said, as the Dubai-listed builder that is facing liquidation seeks to save some of its business. Target specialises in oil and gas projects and marine work with operations in the United Arab…
Continue Reading
Subscribe to unlock the full article and access premium financial content.
Click here to read the full story: Nasdaq