Media ININ Economy We Trust
Media In-Abu Dhabi, September 13, 2018
ALDAR Properties, the leading real estate development, investment and management company in Abu Dhabi, has established ALDAR to become the largest diversified real estate investment company in the region. The new company manages and manages some of Abu Dhabi’s most prestigious real estate assets with a total value of over AED 20 billion, while seeking to stimulate capital efficiency and operations to achieve value for shareholders and provide a solid foundation for a new phase of accelerated growth. Al Dar Investment, which is licensed through the Abu Dhabi Global Market, has a portfolio of attractive properties with attractive returns of 5,000 housing units and over 500,000 square meters of commercial space, major retail areas and a number of Abu Dhabi’s most important assets such as Yas Mall The headquarters of ALDAR and the Sun & Sky Towers, as well as more than 2,400 hotel rooms, mostly on Yas Island. As a direct indication of its financial strength, ALDAR has been rated Baa1 by Moody’s, the highest rating given to a non-governmental company in the region and a higher rating than ALDAR itself. The company will have access to capital under good conditions in isolation Of Aldar Properties and is working on issuing new sukuks in the near future. ALDAR adopts the same principles currently adopted in asset management institutions including debt policies and dividend distribution, providing greater clarity and transparency to investors. Chairman of ALDAR Properties, Mohammed Khalifa Al Mubarak, said: “Aldar Properties has a clear profile in the development and maturity of the real estate sector in Abu Dhabi since the company was established in 2004 and its contributions have clearly manifested in the development and management of the most important landmarks and landmarks in the emirate. The establishment of ALDAR allows ALDAR to recycle its revenue-generating assets through a wholly owned, independent subsidiary that operates more independently with a focus on good governance practices and a more efficient cost structure. ALDAR operates under the supervision of its own Board of Directors, which contributes to transparency, governance and clarity in terms of cash flow, profit and dividend distribution, as well as reducing operating and capital costs to improve profitability. Its strategy focuses on providing attractive returns to shareholders by investing in a diversified portfolio of real estate assets in the UAE. The company will achieve this by doubling the performance and value of its portfolio and taking advantage of investment opportunities by acquiring income-generating assets and reinvesting capital in high- Achieves that value to the shareholders.
