Abu Dhabi’s agreement to provide Aldar Properties PJSC (ALDAR) with a 16.8 billion-dirham ($4.6 billion) bailout will alleviate concern about the property developer’s debt, Moody’s Investors Service said. The decision is “credit positive” for Aldar and

Abu Dhabi’s government agreed to buy assets valued at 16.8 billion dirhams ($4.57 billion) from Aldar Properties PJSC (ALDAR) to shore up the developer’s finances after property prices plunged in the United Arab Emirates capital. The government will

Aldar Properties said on Monday its board will meet this week to discuss asset sales as the Abu Dhabi developer, bailed out once by the government in 2011, struggles with a property downturn. Aldar, part-owned by the government, said the board will meet

Aldar Properties' stock fell to a record low yesterday over concerns that the developer may delist its shares after a bond conversion by a major Abu Dhabi shareholder, despite the company dismissing the speculation as rumours. The indebted firm's shares

Aldar Properties PJSC (ALDAR) tumbled to the lowest on record on investor speculation Abu Dhabi’s biggest developer by market value may be taken private. The shares dropped 2.3 percent to 85 fils, the lowest since their listing in April 2005, at the 2

Aldar Properties PJSC (ALDAR) will convert bonds into shares at the lower end of their price range as Abu Dhabi’s biggest real-estate company grapples with tumbling property prices and declining market value. The shares dropped. Aldar will today convert