Arabtec share prices plunge 9% after capital reduction | GulfNews.com:
"Arabtec share prices dropped as much as 9 per cent on Wednesday in the first few hours of trade as the company announced it has completed its recapitalisation programme, which involved a rights issue and capital reduction. Arabtec’s shares were among the most actively traded on the Dubai Financial Market (DFM) on the first day of trade this week after the three-day Eid Al Fitr holiday. The sell-off on Wednesday comes just after Arabtec slashed its capital by Dh4.6 billion to extinguish accumulated losses, thereby also cutting 4.6 billion shares off the bourse. "
'via Blog this'
No comments:
Post a Comment