Dubai’s developer Arabtec Holding’s BoD approved on Sunday, April 18, the increase of its capital by AED 1.5 bn, Invest-Gate reports.

The company will increase its share capital by AED 1.5 bn from AED 4.6 bn to AED 6.1 bn through the issuance of 1.5 bn shares at AED 1 per share.

The new shares are expected to be listed on Dubai’s bourse and begin trading today, June 21, subject to regulatory approval.