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Monday, 01 December 2008 | 23:30 UAE time

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ALDAR Properties

  • 5.40 Last
  • -0.09 (-1.64%) Today's Change
  • 5.34m Volume
  • 4.30-13.55 52 Week Range
  • -5.05 (-48.33%) 52 Week Change
As of 1 Dec 2008 10:00 GMT (Market Closed)

COMPANY DESCRIPTION

ALDAR Properties is Abu Dhabi's largest property developer and is owned by government institutions, founder shareholders and over 20,616 investors throughout the UAE. Its corporate shareholders include Mubadala Development Company, Abu Dhabi Investment Company, Abu Dhabi National Hotels Company, National Corporation for Tourism & Hotels, and National Investor.

The developer has been recognized for projects such as Al Raha Gardens, Yas Island, Al Gurm Resort and the Abu Dhabi Central Market. ALDAR is also the main builder for the upcoming Ferrari theme park in the UAE. It is also building the beachfront Al Raha Beach project that will eventually be home to some 120,000 residents. The development consists of 11 precincts, each with their own distinct personalities and appeal.

Recently, the company announced plans to build projects worth USD 72 billion over the next 15 to 20 years. The state-owned controlled company is also developing projects in Malaysia, Kazakhstan, and eyeing acquisitions in the US and Europe.

Like Emaar, Aldar has been pushing into new regional markets and is now active in North Africa where it is investing heavily in major residential based developments.

KEY INFORMATION

Industry

Healthcare Services, Landlord and Developers, Shopping Malls

Address

Emirates Post Building, Al Najda Street, 51133, Abu Dhabi, UAE

T

971 2 6964444

F

971 2 6417501

E

info@aldar.com

W

www.aldar.com

COMPANY OVERVIEW

Ownership Type Established on Employees
Public Joint stock 12 Oct 2004 -

MAJOR SHAREHOLDERS

NameCountry
Abu Dhabi Commercial Bank UAE
Abu Dhabi Investment Company UAE
Abu Dhabi National Hotels Company UAE
Government of Abu Dhabi UAE
HSBC Bank UAE
Mubadala Development Company UAE
National Corporation for Tourism & Hotels UAE
National Investor UAE

PORTFOLIO

NameCountry
A&T Cool UAE
Abu Dhabi Motor Sports Management UAE
Al Jimi Mall UAE
Al Maabar Investments UAE
Al Raha Gardens Property UAE
Al Raha Infrastructure Company UAE
ALDAR Academies UAE
ALDAR Commercial Property Developments UAE
ALDAR Facilities Management UAE
ALDAR Hotels and Hospitality UAE
ALDAR Laing O'Rourke Construction UAE
ALDAR Readymix UAE
ALDAR Real Estate Services UAE
Aseel Finance UAE
Coconut Island Development Company UAE
Dimarco UAE
Fadar Retail UAE
Green Emirates Properties UAE
Imperial College London Diabetes Center UAE
Inshaa Properties UAE
Royal House UAE

OFFICERS

BOARD OF DIRECTORSPosition
HE Ahmed Ali Al Sayegh Chairman
Nasser Ahmed Al Suwaidi Board Member
Khaldoon Khalifa Al Mubarak Board Member
Salem Mohamed Al Dhaheri Board Member
Mubarak Matar Al Hameeri Board Member
Khalifa Nasser Al Mansoori Board Member
Abdullah Khalfan Al Rumaithi Board Member
MANAGEMENTPosition
Ronald Stephen Barrott Chief Executive Officer
John Bullough Chief Operating Officer
Abdulla Zamzam Chief Corporate Support Officer
Shafqat Malik Chief Financial Officer
Richard Gray Chief Legal Officer
Mohammed Al Mubarak Director of Estates & Infrastructure
Israr Liaqat Director - Corporate Finance
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.