Stocks in the United Arab Emirates slid on Tuesday after two property companies unveiled financing plans likely to be dilutive to minority shareholders, with Dubai's index .DFMGI making its largest drop in two months.
Abu Dhabi's Aldar Properties (ALDR.AD) slid 4.6 percent after the indebted developer said it wants to issue a convertible bond and sell assets.
Dubai builder Arabtec (ARTC.DU) fell 3 percent to a two-week low. It is planning a $108.5 million rights issue and $150 million convertible bond. [ID:nLDE70A068]
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