Monday, 01 December 2008 | 20:51 UAE time
COMPANIES
Sorouh Real Estate
- 3.43 Last
- 0.00 (0.00%) Today's Change
- 6.29m Volume
- 2.67-10.95 52 Week Range
- -3.85 (-52.88%) 52 Week Change
COMPANY DESCRIPTION
Sorouh Real Estate is Abu Dhabi second-largest property developer, and has benefited from the government decision in 2005 to allow foreigners buy for the first time.The master developer is also launching a unit in Dubai that it will use to make overseas acquisitions and is setting up companies in Egypt and Morocco to start commercial, residential and lodging construction projects.
Sorouh Real Estate was established in June 2005 with the purpose of developing real estate projects in Abu Dhabi with a vision of turning the emirate into a major destination.
Sorouh listed its shares on the Abu Dhabi Securities Market in December 2005 and raised USD 374 million for 55% of the company's equity.
KEY INFORMATION
Industry
Landlord and Developers
Address
Floor 5, East Tower, Abu Dhabi Mall, Touristic Area, 93666, Abu Dhabi, UAE
T
971 2 4440006
F
971 2 4440066
E
W
COMPANY OVERVIEW
| Ownership | Type | Established on | Employees |
|---|---|---|---|
| Public | Joint stock | 26 Jul 2005 | - |
MAJOR SHAREHOLDERS
| Name | Country |
|---|---|
| Al Gouad Financial Investment | UAE |
| Al Rayan Investment Company | UAE |
PORTFOLIO
| Name | Country |
|---|---|
| Al Maabar International Company | UAE |
| Aseel Finance | UAE |
| Bait Al Khidmah | UAE |
| Emirates Foundation | UAE |
| Inshaa Properties | UAE |
| LLJ Property | UAE |
| Pivot Engineering and General Contracting Company | UAE |
| S&T Cool District Cooling Company | UAE |
| Sorouh International | UAE |
OFFICERS
| BOARD OF DIRECTORS | Position |
|---|---|
| HE Saeed Eid Al Ghafli | Chairman |
| Mohamed Khalaf Al Mazrouei | Vice Chairman |
| Yousif Mohammed Al Nowais | Board Member |
| Mubarak Mattar Al Houmeiry | Board Member |
| Saeed Mubarak Al Hajiri | Board Member |
| Fardan Hasan Al Fardan | Board Member |
| Mohammed Ahmed Saeed Al Qasmi | Board Member |
| MANAGEMENT | Position |
| Abubaker Seddiq Al Khouri | Managing Director |
| Mounir D. Haidar | Chief Executive Officer |
| Samer Abu Hijleh | Chief Operations Officer |
| Masood Al Awar | Executive Director of Sales and Marketing |
| Ala' Khannak | Chief Financial Officer |
| Dr. Adnan Sahli | Executive Director - Projects |
| Anthony A. Hamad | Executive Director - Asset Management |
| Sutton Turner | Executive Director - Asset and Property Management Services |
| Mohamed Al Marzouqi | HR and Administration Director |
| Mohamed Hesham Newera | Project Director |
| Dean Meyer | Finance Director |
| Robert Leitenberger | Infrastructure Construction Director - Shams Abu Dhabi |
| Ahmed Moubarek | Design Management Director |
| Paul Warren | Chief Strategic Officer |
| Peter Price | Procurement Director |
| Mahmoud Ahmed Fadeel | Legal Advisor |
| Afshar Mohsef | Chief Internal Auditor |
| Kimberly William McLure | Executive Director - Real Estate |
| Gurjit Singh | Executive Director - Property Development |
| B. R. Kiran | Development Director - Property Development |
| Firoze Kapadia | Investment Director |
| Abul M. Syed Mohamed | Project Director |
| Wayne Pasalich | Project Director |
| Amin Rashidi | Planning Director |
| Rajeev Lee | Director of Retail |
| ADVISORS | Position |
| Masood Al Awar | Advisor to Chairman |
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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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