Arabtec takes necessary actions to file insolvency application

06/12/2020 Argaam


Arabtec Holding board of directors took the necessary actions to proceed with the submission of insolvency application to the competent courts without delay.

 

The board held a meeting on Nov. 30, 2020, to discuss the shareholders’ insolvency resolution passed in the general assembly meeting held on Sept. 30, Arabtec said in a statement to Dubai Financial Market on Sunday, Dec. 6.

 

Arabtec shareholders confirmed at the general assembly meeting held on Nov. 30 that the company will, at the earliest opportunity, file an application for its insolvent liquidation at the competent courts, Argaam reported.

Comments {{getCommentCount()}}

Be the first to comment

loader Train
Sorry: the validity period has ended to comment on this news
Opinions expressed in the comments section do not reflect the views of Argaam. Abusive comments of any kind will be removed. Political or religious commentary will not be tolerated.