Dubai courts have also ordered the precautionary seizure of all balances, accounts and funds of Arabtec Holding, and its subsidiaries. “The parties to the seizure must therefore acknowledge what is in their debt within the legal term from the date of being notified, while preventing their employees from paying to others within the limits of the seizure amount, which is Dh10.1 billion, and they must transfer the balances they have to the court’s treasury,” the court verdict said.
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