Construction firm Arabtec’s board of directors will meet on Thursday to discuss the progress of stakeholder discussions in respect of its insolvency liquidation programme.

Shareholders of the Dubai-based company voted to dissolve it the end of September, and a two-month deadline was set for discussions with stakeholders before a liquidation plan is submitted.

Earlier this week, the constructions company announced that its subsidiary, Target Engineering, had won a contract for offshore Marine works off the coast of Eastern Saudi Arabia.

(Writing by Imogen Lillywhite; editing by Daniel Luiz)

(imogen.lillywhite@refinitiv.com)

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