The changes are in preparation for the UAE firm’s proposed IPO in 2013.
The Mohammed al-Mojil Group say its losses exceed three-quarters of its capital and its liabilities exceed its assets.
The UAE-based contracting services company shares deal to construct pipelines in southeast Iraq with Italy’s SICIM.
Orascom Construction Industries, Egypt’s biggest listed company, feels weight of new plants in Algeria and the US.
The increasing volume of activity in the build-up to the 2022 FIFA World Cup has pushed up costs in Qatar, says study.
The contracting company said that higher finance costs for acquisition and contracts provisioning led to the fall in profit.
The mosque, spread over 40,000 square feet, will be located in Downtown Dubai.
Rising administrative and contract costs lead the construction company to post a loss during the second quarter of the year.
The UAE accounts for the largest share of the region’s construction market, according to new research.
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