Motor World, Aldar's custom-designed destination for new and used car showrooms and servicing facilities, is set to transform Abu Dhabi's car retail market when it open its doors in a few months time. Designed as a one-stop-shop for car buyers, Motor
UAE’s Aldar Properties will remain publicly listed, the group said on Wednesday, easing concerns among some investors it might follow last year’s delisting by Aabar Investments. A delisting of Aldar, which is being bailed out by the Abu Dhabi government
Aldar Properties has no plans to delist its stock after investors asked for clarification of its capital raising plans announced last week when the Abu Dhabi government threw it a $5.2 billion lifeline. Abu Dhabi stepped in to support the struggling
Aldar Properties, Abu Dhabi's biggest developer, expects to return to profit by the end of this year, the company's chief financial officer said yesterday. "In the coming year, you will see that the company will be in black at net profit level for 2011
Indebted property developer Aldar Properties expects to return to profit in 2011, a spokesman for the company said on Tuesday confirming guidance given to investors by its chief financial officer. "Aldar confirms the guidance given by Shafqat Malik,
Moody's Investors Service has today changed the direction of the ongoing review of the ratings of Aldar Properties' PJSC (Aldar) to direction uncertain, having previously had the ratings on review for possible downgrade. The affected ratings are Aldar's
Abu Dhabi has stepped in with $5.2 billion of support for struggling developer Aldar Properties, including buying some of its key assets and subscribing to a bond sale. Indebted Aldar, part-owned by the government, will sell assets worth $1.49 billion to
Abu Dhabi’s government will pump 19.2bn dirhams ($5.2bn, €3.9bn) into the emirate’s biggest developer by purchasing assets and convertible bonds, the two sides have said. Aldar Properties unveiled a set of steps “designed to solidify the company’s
The Government of Abu Dhabi has agreed to purchase several of Aldar’s assets which have broad value for Abu Dhabi’s economy, according to the statement issued by Department of Finance of the Government of Abu Dhabi. Furthermore, in a coordinated action,
Aldar Properties PJSC, Abu Dhabi’s leading property development, investment and management company, on Thursday unveiled a series of steps designed to solidify the company’s position for long-term, sustainable growth. The measures are focused on
Aldar Properties PJSC, Abu Dhabi’s biggest developer, agreed to sell real-estate assets including a Ferrari theme park and convertible bonds to the government for 19.2 billion dirhams ($5.2 billion) to reduce its debt. The emirate will pay 10.9 billion
Two of the United Arab Emirates’ largest property companies are seeking to raise cash from shareholders. Abu Dhabi developer Aldar Properties said on Tuesday it planned to sell assets and issue a convertible bond, while Arabtec, the UAE’s largest builder
Aldar Properties, Abu Dhabi's biggest real estate developer, said Tuesday it may shed assets and issue new bonds while giving the government a larger stake in the cash-strapped company. Aldar said in a filing to the emirate's stock market that its board
Aldar Properties PJSC, Abu Dhabi’s biggest developer, will consider the sale of assets at a board meeting on Jan. 13 as well as calling a shareholders’ meeting to approve the sale of convertible bonds. The shares dropped. The board will also consider the
Aldar Properties was all traders were talking about on the Abu Dhabi exchange yesterday. Aldar, the largest property developer in Abu Dhabi and the most actively traded stock on the capital's exchange, said in November it would have revealed a funding