"Dubai builder Arabtec, part-owned by Abu Dhabi state fund Aabar, has extended the subscription period for its $650 million rights share issue, the company said in a statement on Sunday.
The closing date for subscriptions has been extended to July 4 from Sunday, two weeks after its launch on June 9.
Arabtec, builder of Dubai's famous palm islands, has been on an aggressive push for growth after it replaced its chief executive earlier this year in a shake-up led by Aabar, its largest shareholder, which has been tightening its grip on the group."
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