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BRIEF-Dubai's Arabtec to raise $650 mln in rights issue this year
March 20, 2013 / 11:08 AM / 5 years ago

BRIEF-Dubai's Arabtec to raise $650 mln in rights issue this year

DUBAI, March 20 (Reuters) - Arabtec Holding : * Plans to raise $650 million in rights issue this year - statement * Dubai’s Arabtec may raise another $650 million through rights issue in 2014,

May sell bonds worth $450 million at year end * Arabtec says forms 5-year strategic plan; includes organic and

acquisitive growth * Dubai’s Arabtec says in advanced stages of hiring new CFO, COO * Dubai’s Arabtec names Iyad Abdelrahim as CFO for construction business

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