Alek subsidiary files for arbitration over Abu Dhabi project dues
Alik Holding Company announced that one of its subsidiaries has initiated arbitration procedures in Abu Dhabi against the main contractor to assert its rights and recoveries related to a subcontract agreement for façade and glass works in an Emirati project. The company emphasizes that it does not anticipate any significant impact on its current operations, dismisses any potential financial risks, and reaffirms its ongoing commitment to legal and regulatory obligations.
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