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Minority stakeholders get a mixed bag from Aldar sorouh merger

Abu Dhabi property merger is a mixed bag

Still, the merger could have been much worse for minority shareholders that account for less than half of Sorouh's register, and the 13 percent of foreign owners.

January 21, 2013 4:39
 
UAEs-Aldar-Sorouh-merger

Aldar and Sorouh merger gets the stamp

The two companies have combined assets worth nearly $15 billion and a combined market capitalisation of around 10 billion dirhams.

January 21, 2013 9:25
 
UAEs-Aldar-Sorouh-merger

Aldar, Sorouh merger news seen “within a month”

Abu Dhabi has spent more than $10 billion on the company, equivalent to the amount it deployed to rescue Dubai from a bond default in 2009.

September 30, 2012 4:39
 
Sorouh Q1 Profit Rises 30 Percent

Sorouh Q1 Profit Rises 30 Percent

Abu Dhabi's Sorouh Real Estate, which is eyeing a state-backed merger with rival Aldar Properties, posted a 30 percent rise in quarterly net profit riding on revenue from government projects and higher rental income.

April 29, 2012 9:00
 
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