Abu Dhabi's Aldar Properties , currently in merger talks with rival Sorouh Real Estate, says it is committed to repay its huge pile of debt and sees further consolidation in the emirate's battered property market.
April 23, 2012 9:07
Standard & Poor's Ratings Services raised its long-term corporate credit rating on Abu Dhabi-based property company Aldar Properties PJSC (Aldar) to 'B+' from 'B'
April 18, 2012 9:37
The Abu Dhabi Securities Exchange has denied reports it started an investigation into suspicious trading pattern linked to the announcement of a state-backed merger between Aldar Properties and Sorouh Real Estate, it said on Tuesday.
March 13, 2012 1:57
With Abu Dhabi trying a new property bailout tack with the potential Aldar-Sorouh merger, will consolidation be enough to fix the capital’s ailing property market?
March 12, 2012 3:10