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MarketScreener Homepage  >  Equities  >  DUBAI FINANCIAL MARKET  >  Arabtec Holding PJSC    ARTC   AEA001501013

ARABTEC HOLDING PJSC

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Arabtec : Construction wins $56mn Villanova contract

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05/19/2019 | 06:00am EDT

Arabtec Holding has announced that its wholly-owned subsidiary Arabtec Construction has been awarded a $56.3 million contract by Dubai Properties. The contract is for the construction of 322 villas at Dubai Properties’ Amaranta project in Villanova, Dubailand.

The contract works will commence immediately for a duration of 20 months, said the company in a statement. It also added that the façade design for the townhouses were inspired by contemporary Mediterranean architecture which will allow for spacious units. The villas will also have elegantly finished interiors and bright natural colours to compliment a relaxed lifestyle.

Furthermore, Arabtec Construction was previously awarded a $60 million contract by Dubai Properties in December 2018 for the construction of 352 villas for the same project.

Peter Pollard, acting group CEO, said: “The award to Arabtec Construction of our sixth phase at the Villanova development strengthens our longstanding relationship with Dubai Properties and further builds on our portfolio of projects and reputation for delivering high quality residential villas.”

Villanova by Dubai properties is a residential community in Dubailand, located at the intersection of Dubai – Al Ain Road and Emirates Road.

The post Arabtec Construction wins $56mnVillanova contract appeared first on Middle East Construction News.

(c) 2019 notice Corporate Publishing International. All rights reserved. Provided by SyndiGate Media Inc. (Syndigate.info)., source Middle East & North African Newspapers

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Financials (AED)
Sales 2019 8 145 M
EBIT 2019 243 M
Net income 2019 288 M
Debt 2019 935 M
Yield 2019 0,67%
P/E ratio 2019 14,30
P/E ratio 2020 6,89
EV / Sales 2019 0,41x
EV / Sales 2020 0,37x
Capitalization 2 445 M
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Income Statement Evolution
Consensus
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Mean consensus OUTPERFORM
Number of Analysts 6
Average target price 2,30  AED
Spread / Average Target 41%
EPS Revisions
Managers
NameTitle
Hamish Gordon Tyrwhitt Group Chief Executive Officer
Mohammed Thani Murshed Al-Rumaithi Chairman
Peter G. Pollard Chief Financial Officer & Secretary
Mohamed Hamad Ghanem Hamad Al-Mehairi Vice Chairman
Saeed Mohamed Saeed Al-Mehairbi Non-Executive Director
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