Complex Made Simple

Aldar Properties shares even, firm has new CEO

The Abu Dhabi equities market index ADXGI declined by 0.13 per cent to 4,841.07 points on Sunday, July 13.

Aldar Properties was the talk of the day, but not the share of the day. The biggest developer in the sheikhdom ended even at AED3.64. On Saturday, the firm said Mohammed Khalifa Al-Mubarak as CEO. Since Aldar merged with its local rival Sorouh Real Estate in March 213, Al-Mubarak has been the developer’s chief portfolio manager. Abu Dhabi Fish Farming, better known as Asmak, surged 14.91 per cent to reach AED6.32.

Gérard Al-Fil