Arabtec Holding has invited shareholders to its general assembly to hear steps taken by the board in ongoing liquidation discussions, and approve, if necessary, a resolution to amend the timetable for discussions, said a statement to Dubai Financial Market.
Shareholders voted to liquidate the company on September 30, and a two-month deadline was set for the board for discussions with main stakeholders before a liquidation application is submitted to competent courts.
Shareholders can take part in the general assembly virtually on November 30.
(Writing by Imogen Lillywhite; editing by Daniel Luiz)
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