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Aldar reaches out to people with special needs

Aldar Properties, Abu Dhabi's leading property development, management and investment company, has extended a financial donation to the Future Centre for Special Needs (FCSN) to help meet the various needs of the Abu Dhabi-based institution.

United Arab Emirates: Wednesday, September 17 - 2008 at 16:57
PRESS RELEASE

Aldar Properties extended a financial donation to the Future Centre for Special Needs (FCSN) to help meet their various needs.

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A team of Aldar, led by Mohammed Al Mubarak, Chief Strategic Planning and Infrastructure Officer, visited the Centre today and met with the management, staff, and students. Al Mubarak presented a cheque to Mohammed Abdul Jalil Al Faheem, FCSN Chairman, as a donation from Aldar toward meeting some of the needs of the Centre, which focuses on enabling students with physical and mental disabilities to experience joyful and meaningful lives.

Besides the corporate check, personal donations from Aldar staff were used in procuring some of the Centre's urgent needs. Aldar team intermingled with the Centre's students.

Mohammed Al Mubarak said:

'As a leading corporate entity, Aldar is duty bound to reach out to all sectors of the society. It is part of our corporate social responsibility to do so. Naturally, people with special needs rank high in our list and we will do our utmost to help them become proactive community members.'

Al Faheem praised Aldar's gesture as a demonstration of its commitment to society.

'The support we receive from various institutions is instrumental in helping us in catering to the needs of those students and helping them realize their best potentials,'

Al Faheem said.

The Future Centre for Special Needs, today serving more than 180 students, has touched the lives of many students and their families. Over 40 of the Centre's students have already joined regular, mainstream education, while some graduates have got jobs in the public and private sectors.

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About Aldar Properties:

Aldar Properties PJSC is a premier real estate development, management and investment company with headquarters in Abu Dhabi, UAE. Aldar was established to create world-class real estate developments for Abu Dhabi, while providing stable and profitable investment portfolio for all our investors and stakeholders.

Aldar Properties PJSC is spearheading the development of Abu Dhabi; entrusted to create multi-billion Dirham civic projects to develop the capital, establishing new sectors for commerce, housing, retail and leisure. Aldar's vision is to establish Abu Dhabi as the United Arab Emirate's most dynamic forward-thinking real estate market by creating unique and prestigious developments that can be used as a benchmark of quality, whilst adhering to the cultural and natural heritage of the city.

Since its inception in 2004 through a share offer (IPO) of Dhs1.5bn ($408m) on the Abu Dhabi Securities Exchange, Aldar has already announced more than $72bn worth of developments. The Aldar issue, the largest IPO in the history of the UAE at the time, was 448 times oversubscribed and raised an unprecedented Dhs373bn ($102bn) in demand. Aldar's market capitalization is Dhs32.3bn ($8.7bn).as of July 24th 2008. Total retail area across all developments is currently over 1.5 million square meters.

The company is owned by leading Abu Dhabi institutions, founder shareholders and individual investors. The current property portfolio includes major developments and re-developments within Abu Dhabi Emirate such as Central Market, Al Raha Beach, Coconut Island, Noor Al Ain, Al Gurm Resort, Al Mamoura - the Mubadala Development Company and Environment Agency Abu Dhabi Headquarter Building, and the YAS Island project which is to include a Warner Bros and a Ferrari theme park.

Aldar's first international expansion was announced in August 2007 via a tie-up with South Johor Investment Corp (SJIC) in a deal that represents the largest foreign real estate development in Malaysia. This was followed in October 2007 with plans announced to build a mixed-use development in Kazakhstan.

For more information, please contact:

Mary Khamasmieh
Media Relation Specialist
Buchanan Middle East
A WPP Company
Level 4, Building 1 Emaar Business Park
Interchange 5, Sheikh Zayed Road
P.o. Box 282032 Dubai, UAE
Tel: 971 4 3698581
Fax: 971 4 3698556

Posted by Siba Sami Ammari
Wednesday, September 17 - 2008 at 16:57 UAE local time (GMT+4)

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