Tuesday, 24 November 2009 | 04:36 UAE time
COMPANIES
Union Properties
- +0.94 Last
- +0.04 (+4.44%) Today's Change
- 17.08m Volume
- 0.51-1.27 52 Week Range
- +0.02 (+2.38%) 52 Week Change
COMPANY DESCRIPTION
Union Properties (UP), one of the United Arab Emirates' leading property investment developers, started as Union Property Private Limited in 1987 and floated as a public limited company in 1993.The Dubai based real estate developer is charged with building F1 theme parks around the globe. It is building the USD 360 million Motor City project in the emirate, which will include an autodrome and residential units, while it secured the rights to develop F1 theme parks around the world in November 2006. The developer has said that it expects full-year profit to rise at least 24% and plans to raise USD 1 billion in debt for its projects this year growth that could move UP even closer to the start of the grid in 2009.
KEY INFORMATION
Industry
Landlord and Developers
Address
Union Properties Building, Dubai Investments Park, 23649, Dubai, UAE
T
971 4 8851555
F
971 4 8852666
E
W
COMPANY OVERVIEW
| Ownership | Type | Established on | Employees |
|---|---|---|---|
| Public | Joint stock | 28 October 1993 | - |
MAJOR SHAREHOLDERS
| Name | Country | ||
|---|---|---|---|
| Emirates Bank International | companies | 48.85 | UAE |
| Ghobash Trading and Investment Company | companies | 5.22 | UAE |
PORTFOLIO
| Name | Country |
|---|---|
| F1 in Schools | UAE |
| EDARA | UAE |
| Gulf Mechanical Acoustic Manufacturing Company | UAE |
| Nautilus | UAE |
| OITC Thermo | Qatar |
| Properties Investments | UAE |
| Regus | UAE |
| ServeU | UAE |
| SpeedCar Series International | UAE |
| The Fitout | UAE |
| Thermo | UAE |
| Dubai Property Society | UAE |
| Emirates District Cooling | UAE |
OFFICERS
| BOARD OF DIRECTORS | Position |
|---|---|
| Anis Abdullah Al Jallaf | Chairman |
| Fardan Bin Ali Al Fardan | Vice Chairman |
| Abdulaziz Yaacoub Al Serkal | Board Member |
| Mohammed Omar Ali Bin Haider | Board Member |
| Saeed Mohammed Rashid Al Shared | Board Member |
| Khalid Jassim Mohammad Bin Kalban | Board Member |
| Hamad Mubarak Bou Ameen | Board Member |
| MANAGEMENT | Position |
| Zaid F. Al Ghoul | Chief Financial Officer |
| Lesley Sayle | Chief Property Officer |
| Raad Jarrah | Chief Development Officer |
| Elias Adas | Chief Construction Officer |
| Michael Jackson | Chief Marketing Officer |
| Khalid Al Jarwan | General Manager |
MOST POPULAR NEWS STORIES
LATEST FINANCIAL JOBS
- Project Finance Manager, Abu Dhabi, UAE
- Banks Analyst, Dubai, UAE
- Internal Audit Manager, Abu Dhabi, UAE
- Product Manager, Dubai, UAE
- Market Risk Oficer, Dubai, UAE
Information correct at the time of publishing. If you are a representative of this company and want to update the details, please email updated information to financials@itp.com providing your name, designation and contact details.
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