Construction firm Arabtec Holding will file for liquidation because of heavy financial losses following the outbreak of Covid-19. The company's shareholders on Wednesday approved the board's plan to liquidate. Shareholders also authorised Arabtec to appoint AlixPartners and Matthew Wilde, or any other person or persons the board considered fit, as liquidator, news agency Reuters said citing sources. "Unfortunately, against a backdrop of adverse market conditions, we regret to inform you ...