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Abu Dhabi property firms' Q1 income fallsAbu Dhabi's Aldar Properties, set to come together in a state-backed merger with Sorouh Real Estate, reported lower quarterly earnings on Tuesday in a fresh indication of continued weakness in the UAE capital's property sector. More… |
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Shareholders approve Aldar-Sorouh mergerShareholders of Abu Dhabi's Aldar Properties have approved the developer's plans to merge with rival Sorouh Real Estate at a meeting on Sunday, a spokesman for Aldar said. The boards of both state-linked firms proposed a m More… |
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Mubadala converts Aldar bonds to boost capitalAbu Dhabi's Aldar Properties , which plans to merge with smaller rival Sorouh Real Estate, on Tuesday said its largest shareholder Mubadala converted bonds in the company to shares, boosting its capital by nearly 10 percent More… |
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Sorouh Q4 net profit jumps 21pcAbu Dhabi's Sorouh Real Estate , which has agreed to merge with Aldar Properties, has reported an 21.2-per cent rise in fourth-quarter net profit, driven by income from government projects and higher leasing revenue. Abu Dhabi More… |
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Aldar, Sorouh merger vote on Feb 21Shareholders of Abu Dhabi state-linked firms Aldar Properties and Sorouh Real Estate will vote on the proposed merger next month and the deal is expected to be completed by end-June, the companies More… |
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Sorouh hits new high on Aldar merger dealAbu Dhabi's Sorouh Real Estate jumped to a 25-month high on Monday after the company reached a long-awaited merger agreement with Aldar Properties , but most regional markets fell. Trading v More… |
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UAE property firms agree to $15bn mergerAbu Dhabi's two biggest property firms, Aldar Properties and Sorouh Real Estate, have agreed on a state-backed, all-share merger that would create a firm with $15 billion in assets and could help to stabilise the emirate More… |
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Aldar, Sorouh win board approval for mergerThe boards of Aldar Properties and Sorouh Real Estate, Abu Dhabi's biggest real estate developers, have approved a state-backed merger of the firms through a share swap, sources familiar with the matter said yesterday. "T More… |
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Aldar, Sorouh confirm merger movesAbu Dhabi's top two developers Aldar Properties and Sorouh Real Estate confirmed on Wednesday that discussions involving a state-backed merger between the two firms were at an advanced stage. More… |
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Aldar, Sorouh agree on merger proposalAbu Dhabi's two biggest real estate developers have reached an initial agreement to merge, and a final deal is expected to be signed in coming weeks, three sources familiar with the matter told Reuters. More… |
