Aldar drops plans to delist from bourse
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Aldar drops plans to delist from bourse

Aldar drops plans to delist from bourse

Abu Dhabi-based property developer Aldar Properties has ruled out plans to delist its stock after investors asked for clarification of its capital raising plans announced last week when the Abu Dhabi government threw it a $5.2bn lifeline, Reuters has reported. Aldar, which announced last week it would sell assets worth $1.49bn to the government to meet looming debt obligations, also said the assets sales will include land and residential units at Al Raha beach, but will exclude its Yas Hotel development.

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