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Sorouh

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
 
http://www.dreamstime.com/-image13250673

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

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
 
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
 
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
 
Abu Dhabi's Sorouh Elects New Chairman

Abu Dhabi's Sorouh Elects New Chairman

Abu Dhabi's Sorouh Real Estate, which is in merger talks with Aldar Properties , on Sunday appointed Mubarak Matar al Humairi as its new chairman of the board.

March 18, 2012 12:31
 
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
 
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