Arabtec Holding said to hire AlixPartners for debt advisory

Arabtec Holding said to hire AlixPartners for debt advisory

Arabtec Holding said to hire AlixPartners for debt advisory

Arabtec Holding said to hire AlixPartners for debt advisory

Shares of Arabtec Holding, which helped to build the Louvre Abu Dhabi and the world's tallest skyscraper, the Burj Khalifa in Dubai, right, have plunged 56.7 percent this year. (AFP)

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Arabtec Holding said to hire AlixPartners for debt advisory

Updated 25 September 2020

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DUBAI: Dubai-listed contractor Arabtec Holding has hired advisory firm AlixPartners to help it restructure the company's debt, two sources familiar with the matter said.

AlixPartners is assessing the company's debt profile, before any potential discussions with Arabtec's creditors, according to the sources, who declined to be named as the matter is not public.

Arabtec did not respond to a query for comment when contacted on Thursday. AlixPartners declined  to comment.

Arabtec Holding is due to hold