Browse
related articles
Aldar, Sorouh merger approved
- United Arab Emirates: Monday, March 04 - 2013 at 06:29
The shareholders of Abu Dhabi-based developers Aldar Properties and Sorouh Real Estate have given their approval to their merger plan, Khaleej Times has reported. Under the plan, Sorouh shares are to be delisted from the Abu Dhabi Securities Exchange, and the company is to be dissolved as a legal entity, after which Aldar will be named Aldar Sorouh Properties. The merger will create the largest property developer with over Dhs47bn of combined total assets as of September 30, 2012, and combined market capitalisation of approximately Dhs10.9bn. The new entity will have a diversified portfolio of assets with total equity of Dhs14.7bn and an attractive pipeline of assets under development in Abu Dhabi.
Related Content
Article Options
Disclaimer »
The information comprised in this section is not, nor is it held out to be, a solicitation of any person to take any form of investment decision. The content of the AMEinfo.com Web site does not constitute advice or a recommendation by AME Info FZ LLC / 4C and should not be relied upon in making (or refraining from making) any decision relating to investments or any other matter. You should consult your own independent financial adviser and obtain professional advice before exercising any investment decisions or choices based on information featured in this AMEinfo.com Web site.
AME Info FZ LLC / 4C can not be held liable or responsible in any way for any opinions, suggestions, recommendations or comments made by any of the contributors to the various columns on the AMEinfo.com Web site nor do opinions of contributors necessarily reflect those of AME Info FZ LLC / 4C.
In no event shall AME Info FZ LLC / 4C be liable for any damages whatsoever, including, without limitation, direct, special, indirect, consequential, or incidental damages, or damages for lost profits, loss of revenue, or loss of use, arising out of or related to the AMEinfo.com Web site or the information contained in it, whether such damages arise in contract, negligence, tort, under statute, in equity, at law or otherwise.
