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.
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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 4:39The two companies have combined assets worth nearly $15 billion and a combined market capitalisation of around 10 billion dirhams.
January 21, 2013 9:25Abu 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 4:39Abu 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