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.
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The two companies have combined assets worth nearly $15 billion and a combined market capitalisation of around 10 billion dirhams.
January 21, 2013 9:25ndebted 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 11:11Abu 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 4:39Due 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