Friday 19 September 2014
 
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Aldar Properties

Aldar Properties appoints new CEO

Abu Dhabi-based Aldar Properties, a leading listed property development, investment, and management company, has appointed Mohammed Khalifa Al Mubarak as chief executive officer effective immediately. Al Mubarak previously held th

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Aldar raises synergy estimate from Sorouh merger

Abu Dhabi-listed developer Aldar Properties has raised its estimate of the value of synergies from its merger with another property firm, Sorouh, by 45 per cent to Dh145-150 million ($39.5-40.9 million) annually. The company&rsquo

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Aldar picks banks for $500m sukuk sale

Abu Dhabi's largest property developer Aldar has hired five banks to arrange the sale of a benchmark-sized sukuk, to refinance debt, three banking sources said. The proposed bond sale would be Aldar's first since it comple

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Emrill wins WTC Abu Dhabi contract

Emrill, a UAE-based facilities management provider, has won a three-year contract for the World Trade Center Abu Dhabi with Aldar Properties, an Abu-Dhabi based real estate developer. The company will provide specialist services i

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Aldar net profit hits $340 million in Q2, up 200pc

Abu Dhabi-based Aldar Properties, a major real estate developer, has posted a net profit of Dh1.25 billion ($340 million) for the second quarter (Q2) of the year, as against Dh418 million during Q2 2012, marking an increase of 200 per cent.

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Aldar, Sorouh see merger closing by June 30

Abu Dhabi property firms Aldar Properties and Sorouh Real Estate said the two companies expect to close their state-backed merger by June 30, pending a ministerial resolution approving the deal.

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Aldar, Sorouh eye state-backed merger

Abu Dhabi developer Aldar Properties, which has twice been rescued by the Abu Dhabi government with bailouts totalling $10 billion, may merge with local rival Sorouh Real Estate in a state-backed tie-up, the two firms said on Sunday. Any m

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Aldar bonds rise over 30 points

Yields on Abu Dhabi property developer Aldar Properties's 2014 bond rose over 30 basis points on Tuesday, a day after Reuters reported the emirate held talks to offload the government's stake in the struggling firm.     

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Abu Dhabi 'tried to get Aldar off Mubadala books'

Abu Dhabi has held talks to offload all or part of a 49 percent government stake in struggling Aldar Properties in an attempt to stop its falling asset value from dragging down state investment fund Mubadala, a report said.    

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Aldar swings to Q1 profit on asset sales

Aldar Properties, the struggling developer rescued by a $5.2 billion bailout by Abu Dhabi last quarter, returned to profit, after it booked sales of assets, including the Ferrari World theme park. The builder of the Yas Marina Formula One

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