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    ARTC   AEA001501013

ARABTEC HOLDING PJSC

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Arabtec Holding PJSC : Target Engineering Construction Co, a Subsidiary of Arabtec Holding PJSC Awarded Three Contract in Abu Dhabi of Total Value AED 256 million

01/30/2012 | 02:03am EST

Target Engineering Construction Co, a Subsidiary of Arabtec Holding PJSC Awarded Three Contract in Abu Dhabi of Total Value AED 256 million

Target Engineering Construction Co, a Subsidiary of Arabtec Holding PJSC was awarded three projects in Abu Dhabi for a total value of AED 256 million. The first project was awarded by G S Engineering for the TAKREER - Ruwais Refinery Expansion Project - Phase 7, in Abu Dhabi for a contract value AED 110 Million. The works include marine construction over water with steel structure fabrication and installation. The period of construction is expected to be 18 months, starting February 2012.

The Second Project is the Construction of a New Training Centre, for Abu Dhabi Polymers Company Ltd (BOROUGE), in Ruwais, Abu Dhabi for a contract value of AED 30 Million. The project's scope of work consists of engineering, procurement, construction and commissioning of the New Training Centre Building. Works also include civil, structural, electrical, mechanical and plumbing. IT works include data systems, telephone, audio and video facilities. The period of construction is expected to be 12 months, starting January 2012.

The Third Project is part of the Emirates Aluminum Smelter Project in Al Taweelah, Abu Dhabi and was awarded by Emirates Aluminum Company Ltd. for a contract value of AED 116 million. The project is a dual service order from both EMAL and SNC Lavalin the main contractor for the supply of manpower, materials and equipment to meet routine construction activities and assistance during emergencies. Technical work scope includes Civil, Electrical, Mechanical, HVAC and Landscaping works. The period of construction is expected to be 33 months, starting January 2012.


© Publicnow 2012
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Analyst Recommendations on ARABTEC HOLDING PJSC
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Financials
Sales 2019 7 786 M 2 120 M 2 120 M
Net income 2019 -774 M -211 M -211 M
Net Debt 2019 1 081 M 294 M 294 M
P/E ratio 2019 -2,50x
Yield 2019 -
Capitalization 795 M 216 M 216 M
EV / Sales 2018 0,37x
EV / Sales 2019 0,39x
Nbr of Employees -
Free-Float 55,2%
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Managers and Directors
Najeh Awad Chief Financial Officer
Waleed Ahmed Salem Al-Muhairi Chairman
Ghannam Butti Al-Mazrouei Independent Director
Tareq Ahmed Al Masaood Al Mehairbi Independent Director
Khaleefa Ali Mohammad Al-Qamzi Independent Director