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Aldar builds on success as momentum increases

Posted on Nov 18, 2011 in ALDAR, Featured | 0 comments

Aldar Properties, the developer behind some of Abu Dhabi’s most eye-catching projects, yesterday posted its third straight profitable quarter since the company’s debt was restructured in January.

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Dana Gas, Aldar Lead Convertible Sukuk Gain on Yield Hunt: Islamic Finance

Posted on Sep 7, 2010 in ALDAR, AMEinfo | 0 comments

Aldar’s convertible sukuk gained 4 percent since June 30. While bondholders are unlikely to convert with its stock at 2.37 dirhams versus a conversion price of 5.69 dirhams, investors are banking on government support for full redemption at maturity. The company is 19.2 percent-owned by state-backed investor Mubadala Development Co.

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Aldar posts Dh789m loss

Posted on Jul 30, 2010 in ALDAR, Featured | 0 comments

Dubai: Aldar Properties, Abu Dhabi’s property development, investment and management company, posted a net loss of Dh789.5 million for the first six months of 2010, compared to a net profit of Dh1.14 billion for the same period last year as sales declined. The company expects better results for the second half of 2010 on the back of revenue generated from the delivery of the Al Raha Beach and Al Gurm projects. The company also made Dh695 million worth of sales during the first six months of this year which will be recognised in future periods.

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Abu Dhabi’s New Souk to be Inaugurated Middle of This Year

Posted on Mar 31, 2010 in ALDAR, Featured | 0 comments

ABU DHABI — The New Souk which will form part of the Central Market project of Aldar Properties in Abu Dhabi will be opened in the middle of this year.

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Aldar ‘Save the Environment’ Campaign wins three advertising awards

Posted on Mar 31, 2010 in ALDAR | 0 comments

UAE. An environmental awareness advertising campaign devised by Aldar Properties, Abu Dhabi’s leading property development investment and management company has been recognised at the Dubai Lynx Advertising Awards.

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Aldar signs on first House of Fraser store in MENA region

Posted on Mar 31, 2010 in ALDAR | 0 comments

Aldar Properties and Retail Arabia International have signed a 10 year lease agreement that will see the development of the region’s first House of Fraser store at Central Market in Abu Dhabi. House of Fraser will be the anchor store for Emporium.

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