Arabtec, the UAE's biggest construction company, said on Wednesday it may look to raise $1.3bn over the next two years through rights issues.
The Dubai-based firm, which is part-owned by Abu Dhabi Aabar Investments, said it has received approval from regulators for the move which aims to support Arabtec's growth plan.
Hasan Abdullah Ismaik, managing director and CEO, Arabtec Holding, said: "The capital raisings are essential in helping us to achieve our strategy. It will also provide our shareholders the opportunity to be part of our growth and value creation over the coming years."
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