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Aldar

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Aldar and Sorouh in deep talks now

ndebted Aldar and Sorouh said in March that they were evaluating a state-backed merger, which would create a company with $15 billion in assets.

October 2, 2012 11:11
 
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
 
UAEs-Aldar-Sorouh-merger

Aldar properties net profit beats forecast

Aldar Q2 net profit 417.9 mln dirhams; Revenue at 4.6 bln dirhams vs 775.6 mln dirhams; Co says yet to receive 12 bln dirhams from govt; Merger talks with Sorouh under way

August 9, 2012 10:09
 
UAEs-Aldar-Sorouh-merger

UAE’s Aldar, Sorouh in due diligence on potential merger

Due diligence has begun on the potential state-backed merger of indebted Abu Dhabi developer Aldar Properties and smaller rival Sorouh Real Estate , the two firms said on Sunday.

June 10, 2012 5:53
 
Aldar Says No Financial Help Needed From Abu Dhabi

Aldar Says No Financial Help Needed From Abu Dhabi

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
 
S&P ups UAE-Based Aldar Properties to 'B+'

S&P ups UAE-Based Aldar Properties to 'B+'

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
 
Abu Dhabi bourse denies Aldar, Sorouh share trade inquiry

Abu Dhabi bourse denies Aldar, Sorouh share trade inquiry

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
 
Abu Dhabi tries merger to end property mess

Abu Dhabi tries merger to end property mess

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
 
Abu Dhabi sees oversupply challenges and now faces consolidation

Abu Dhabi sees oversupply challenges and now faces consolidation

Abu Dhabi now faces challenges as a huge supply of high-end homes are expected to enter the market. Property prices in the emirate are expected to fall another 11 percent from here, a Reuters poll showed.

March 12, 2012 1:40
 
UAE’s Aldar swings to profit on govt land sales

UAE’s Aldar swings to profit on govt land sales

Aldar Properties, bailed out twice by Abu Dhabi with rescue packages totalling over $10 billion, swung back into profit in 2011 on the back of land sales to the government and increased residential sales.

February 14, 2012 2:41