ArabianBusiness.com - Middle East Business News
Monday, 01 December 2008 | 20:51 UAE time

COMPANY SEARCH:

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
As of 1 Dec 2008 09:59 GMT (Market Closed)

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

info@sorouh.com

W

www.sorouh.com

COMPANY OVERVIEW

Ownership Type Established on Employees
Public Joint stock 26 Jul 2005 -

MAJOR SHAREHOLDERS

NameCountry
Al Gouad Financial Investment UAE
Al Rayan Investment Company UAE

PORTFOLIO

NameCountry
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 DIRECTORSPosition
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
MANAGEMENTPosition
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
ADVISORSPosition
Masood Al Awar Advisor to Chairman
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. All markets data located on ArabianBusiness.com is subject to the ArabianBusiness.com Terms & Conditions. Content should be used for general information use only. Charts and statics display delayed intraday data. Share price information may be rounded up/down and therefore may not be entirely accurate Selected data supplied by Reuters Limited. Click for Restrictions.